Spectrum Brands to exit Ch. 11 in August - Washington Business Journal:

http://www.georgetownchamberofcommerce.org/news/general-news?start=20
The Atlanta-based consumer products company said it will exit bankruptcty protection as soon as all closin conditions tothe plan, including the closing of the company’s exit have been met. That will likely be in August, the companuy said. “When we emerge, we will have reduced our subordinatesd debtby $840 million and eliminatefd approximately $60 million of annual cash interestg expenses for at least each of the next two said Kent Hussey, CEO of Spectrum Brands, in a prepare d statement.
“We will emerge with a stronger balance sheet that will bettetr position us to maintain and strengthen our currentr platform and to pursue opportunities to grow our Spectrum Brands andits U.S. subsidiaries filed for Chapter 11 inthe U.S. Bankruptcyu Court for the Western Districtof Texas, San Antoniol Division on Feb. 3. It had $4.4 billiob in debt. Spectrum makee Rayovac batteries, Tetra pet supplies, Remingtonn shaving and grooming and personalcare products, househol insecticides and lawn and garden care