On March 6, 2017, Spectrum Brands, Inc. (“Spectrum Brands”), an indirect majority owned subsidiary of HRG Group, Inc. (“HRG”), entered into the second amendment (the “Second Amendment”) to the credit agreement, dated as of June 23, 2015 (the “Credit Agreement”), by and among Spectrum Brands, SB/RH Holdings, LLC, Deutsche Bank AG New York Branch (as the administrative agent) and the lenders party thereto from time to time.

The Second Amendment modified certain terms of the Credit Agreement’s revolving facility to, among other things, extend its maturity, increase the aggregate commitment amount of the U.S. dollar tranche of the revolving facility, reduce the aggregate commitment amount of the multi-currency tranche of the revolving facility and adjust interest rate margins and unused commitment fees.

Interested parties should read public filings and other announcements by Spectrum Brands Holdings, Inc., the indirect parent of Spectrum Brands and a majority owned subsidiary of HRG, for more information regarding the foregoing matters.