Tupperware Credit Agreement

View original content for multimedia download: www.prnewswire.com/news-releases/tupperware-brands-corporation-advances-capital-structure-improvement-with-commitment-to-refinance-senior-notes-maturing-in-2021-no-debt-maturities-until-q4-2023-assuming-successful-refinancing-301165455.html view original content for multimedia download:www.prnewswire.com/news-releases/tupperware-brands-will-file-form-10-k-for-fiscal-year-ended-december-2019-30102232.html Tupperware Brands Corp. TUP, up 0.58% said on Friday that it withdrew $225 million from its credit contract. The company used $50 million in working capital in the second quarter, and the remaining $175 million is a proactive measure against the coronavirus pandemic. Tupperware is expected to report first-quarter earnings on April 29. Tupperware shares slumped more than 94% last year, while the SPX 500 index fell -0.35% by 12.1%. Forward-Looking Statements This press release contains certain statements that are “forward-looking statements” or that may be considered “forward-looking statements.” These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual results and results may differ materially from those expressed or implied in such forward-looking statements. Words such as “estimates,” “outlook,” “looking,” “expect,” “believe,” “intention,” “designed,” “objective,” “plans,” “may,” “could,” “could,” “could,” and similar words are forward-looking statements and not historical facts. These forward-looking statements may include statements about refinancing, including expected terms and date of refinancing, as well as the completion of the refinancing. These forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and results to differ materially from the forward-looking statements or views expressed here in this expression. These risks and uncertainties include, among other things, the consequences of natural disasters, terrorist activities and outbreaks of epidemics or pandemics, including the emergence of coronavirus (“COVID-19”), general economic and political conditions in the United States and other countries where Tupperware currently operates, including those resulting from the outbreak of COVID-19, recessions, political events and terrorist or military acts or threats; Tupperware`s successful efforts to improve its profitability and liquidity position, as well as all measures of the capital structure it is able to take; The impact of Tupperware`s substantial indebtedness, including tupperware`s leverage effects on liquidity, financial position and earnings, as well as Tupperware`s ability and commitment to make payments on its debt, which could reduce its financial flexibility and ability to finance other activities; Tupperware`s access to financing and refinancing, as well as Tupperware`s financing and refinancing costs, as well as the potential that banks with which Tupperware maintains lines of credit may not be able or willing to meet their obligations; mittland costs and restrictions on Tupperware credit contracts and senior notes; Tupperware`s ability to further meet or modify financial obligations as part of its credit contract; Any downgrades to Tupperware`s credit ratings; Recruitment, engagement and productivity of Tupperware`s independent distributors; the ability to attract and retain key executives and executives, as well as the success of transitions or changes within key management or administration staff; the success of land buyers in acquiring tenants of commercial and residential buildings and obtaining the necessary public approvals and financing; Disruptions caused by the introduction of new or revised distribution models or compensation systems for distributors or allegations by stock analysts, former distributors or distributors, government authorities or other gold