Spectrum Brands Launches Offering to Reprice All of Its U.S. Dollar Term Loans Under its Credit Agreement

MIDDLETON, Wis.–(BUSINESS WIRE)–Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products
company with market-leading brands, announced today that its
wholly-owned subsidiary Spectrum Brands, Inc. (“Spectrum Brands”) is
launching a repricing transaction which, if successful, would replace
all of its U.S. dollar-denominated term loans with new U.S.
dollar-denominated term loans that are expected to carry lower interest
rate margins but otherwise be on the same terms, including the maturity
date. Spectrum Brands expects to close this repricing in April of 2017.

This press release is for informational purposes only and is not an
offer to buy or the solicitation of an offer to sell any securities.

About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, a member of the Russell 1000 Index, is a
global and diversified consumer products company and a leading supplier
of consumer batteries, residential locksets, residential builders’
hardware, plumbing, shaving and grooming products, personal care
products, small household appliances, specialty pet supplies, lawn and
garden and home pest control products, personal insect repellents, and
auto care products. Helping to meet the needs of consumers worldwide,
our Company offers a broad portfolio of market-leading, well-known and
widely trusted brands including Rayovac®, VARTA®, Kwikset®, Weiser®,
Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®,
Black + Decker®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®,
8-in-1®, FURminator®, IAMS®, Eukanuba®, Healthy-Hide®, Digest-eeze™,
Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®,
Liquid Fence®, Armor All®, STP® and A/C PRO®. Spectrum Brands’ products
are sold in approximately 160 countries. Spectrum Brands Holdings
generated net sales of approximately $5.04 billion in fiscal 2016. For
more information, visit

Forward-Looking Statements

Certain matters discussed herein and other oral and written
statements made by representatives of Spectrum Brands and its affiliates
regarding matters such as the repricing described above may be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are identified by words
such as “future,” “anticipate,” “intend,” “plan,” “estimate,” “believe,”
“expect,” “project,” “forecast,” “could,” “would,” “should,” “will,”
“may,” and similar expressions of future intent or the negative of such
terms. These statements are subject to a number of risks and
uncertainties that could cause results to differ materially from those
anticipated as of the date of this release.

Actual results may differ materially as a result of (1) Spectrum
Brands’ ability to manage and otherwise comply with its covenants with
respect to its significant outstanding indebtedness, (2) our ability to
finance, complete, integrate, and to realize synergies from
acquisitions, (3) risks related to changes and developments in external
competitive market factors, such as introduction of new product features
or technological developments, development of new competitors or
competitive brands or competitive promotional activity or spending, (4)
changes in retailer and consumer demand for the various types of
products Spectrum Brands offers, (5) unfavorable developments in the
global capital markets, (6) the impact of overall economic conditions on
consumer spending, (7) fluctuations in commodities prices, the costs or
availability of raw materials or terms and conditions available from
suppliers, (8) changes in the general economic conditions in countries
and regions where Spectrum Brands does business, such as stock market
prices, interest rates, currency exchange rates, inflation and consumer
spending, (9) risks related to the United Kingdom’s 2016 referendum,
which called for its exit from the European Union, (10) Spectrum Brands’
ability to successfully implement manufacturing, distribution and other
cost efficiencies and to continue to benefit from its cost-cutting
initiatives, (11) Spectrum Brands’ ability to identify, develop and
retain key employees, or (12) unfavorable weather conditions and various
other risks and uncertainties, including those discussed herein and
those set forth in the filings pursuant to the federal securities laws
of each of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC,
including each of their most recently filed Annual Reports on Form 10-K
or Quarterly Reports on Form 10-Q.

Spectrum Brands also cautions the reader that its estimates of
trends, market share, retail consumption of its products and reasons for
changes in such consumption are based solely on limited data available
to Spectrum Brands and management’s reasonable assumptions about market
conditions, and consequently may be inaccurate, or may not reflect
significant segments of the retail market. Spectrum Brands also cautions
the reader that undue reliance should not be placed on any
forward-looking statements, which speak only as of the date of this
release. Spectrum Brands undertakes no duty or responsibility to update
any of these forward-looking statements to reflect events or
circumstances after the date of this release or to reflect actual


Spectrum Brands Holdings, Inc.
Investor/Media Contact:
Prichard, 608-278-6141