SEC Filings
 |
| 10-Q | |
| HRG GROUP, INC. filed this Form 10-Q on 05/05/2017 | |
| Entire Document | |
| << Previous Page | Next Page >> | |
(17) Subsequent Events ASC Topic 855, “Subsequent Events” (“ASC 855”), establishes general standards of accounting and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. ASC 855 requires the Company to evaluate events that occur after the balance sheet date through the date the Company’s financial statements are issued and to determine whether adjustments to or additional disclosures in the financial statements are necessary. The Company has evaluated subsequent events through the date these financial statements were issued. See Note 9, Debt, for additional discussion regarding Spectrum Brands’ amendment to its credit agreement that took place on April 7, 2017, pursuant to which interest rate margins applicable to the USD Term Loan had been reduced. See Note 1, Description of Business, for information regarding the FGL Merger Agreement that was terminated on April 17, 2017, as well as the continuation of the FGL Strategic Evaluation Process. On April 26, 2017, Spectrum Brands entered into a definitive purchase agreement for the acquisition of Petmatrix LLC, a manufacturer and marketer of rawhide-free dog chews, with a cash purchase price of approximately $255.0. The acquisition is expected to close by the end of May 2017 and will be integrated as part of the Company’s Consumer Products segment. 38 | |
| << Previous Page | Next Page >> | |