WASHINGTON (dpa-AFX) - Shares of Tupperware Brands Corporation (TUP) are up
46% on Friday after the company announced a debt restructuring agreement with
lenders to restructure its existing debt obligations.

TUP is trading on the New York Stock Exchange at $5.16, up 46.59% or $1.64 per
share. It has traded between $0.61 and $12.86 in the past 52-week period.

The company stated that it has entered into an agreement to improve its
financial situation. This will involve making changes to credit obligations and
extending the maturity of certain debt facilities.

As part of the agreement, the company will reduce and reallocate approximately
$150 million in cash interest and fees. They will also extend the maturity of
around $348 million of principal and reallocated interest and fees to the fiscal
year 2027 with PIK interest.

In addition, the required amortization payments until the fiscal year 2025 will
decrease by roughly $55 million. Finally, the company will have access to a
revolving borrowing capacity of approximately $21 million immediately.



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