Spectrum Brands Holdings Announces Voluntary $50 Million Prepayment on Term Loan

  Spectrum Brands Holdings Announces Voluntary $50 Million Prepayment on Term
  Loan

Business Wire

MADISON, Wis. -- August 09, 2012

Spectrum Brands Holdings, Inc. (NYSE: SPB), a diversified and global consumer
products company with market-leading brands, announced today a voluntary
prepayment of $50 million to further reduce its original Senior Secured Term
Loan of $750 million to $471 million as part of the Company's ongoing program
to reduce leverage.

The Company previously made $220 million of voluntary prepayments in fiscal
2011. Scheduled amortization to date has accounted for an additional $9
million reduction.

"We plan to continue to pay down debt in our current fourth quarter and reach
a total leverage ratio of approximately 3.4 times at the end of fiscal 2012 on
September 30,” said Dave Lumley, Chief Executive Officer of Spectrum Brands
Holdings. "We remain focused on growing our EBITDA and generating strong and
consistent free cash flow. Over the long term, our objective is to maintain a
total leverage ratio in the range of 2.5 times to 3.5 times."

About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, Inc., a member of the Russell 2000 Index, is a
global and diversified consumer products company and a leading supplier of
batteries, shaving and grooming products, personal care products, small
household appliances, specialty pet supplies, lawn & garden and home pest
control products, personal insect repellents and portable lighting. Helping to
meet the needs of consumers worldwide, the Company offers a broad portfolio of
market-leading, well-known and widely trusted brands including Rayovac®,
Remington®, Varta®, George Foreman®, Black & Decker®, Toastmaster®,
Farberware®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®,
FURminator®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot® and Black
Flag®. Spectrum Brands Holdings' products are sold by the world's top 25
retailers and are available in more than one million stores in more than 120
countries. Spectrum Brands Holdings generated net sales of approximately $3.2
billion in fiscal 2011. For more information, visit www.spectrumbrands.com.

Forward-Looking Statements

Certain matters discussed in this news release and other oral and written
statements by representatives of the Company regarding matters such as
expected sales, adjusted EBITDA, other measures of financial performance, and
the financial impact of the FURminator acquisition may be forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. 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 Holdings' ability to manage and otherwise comply with its
covenants with respect to its significant outstanding indebtedness, (2) the
inability to integrate, and to realize synergies from, the combined businesses
of Spectrum Brands and its acquired companies, including FURminator, Russell
Hobbs and other acquisitions, (3) risks that 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 consumer demand for the various types of products Spectrum Brands
Holdings offers, (5) unfavorable developments in the global credit 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 Holdings
does business, such as stock market prices, interest rates, currency exchange
rates, inflation and consumer spending, (9) Spectrum Brands Holdings' ability
to successfully implement manufacturing, distribution and other cost
efficiencies and to continue to benefit from its cost-cutting initiatives,
(10) Spectrum Brands Holdings' ability to identify, develop and retain key
employees, (11) unfavorable weather conditions and various other risks and
uncertainties, including those discussed herein and those set forth in
Spectrum Brands Holdings' and Spectrum Brands' securities filings, including
the most recently filed Annual Report on Form 10-K for Spectrum Brands, Inc.
or Quarterly Reports on Form 10-Q. Spectrum Brands Holdings 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 Holdings 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 Holdings 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 Holdings undertakes no duty or
responsibility to update any of these forward-looking statements to reflect
events or circumstances after the date of this report or to reflect actual
outcomes.

Contact:

Investor/Media Contact:
Spectrum Brands Holdings, Inc.
Dave Prichard, 608.278.6141