Carl Marks Advisory Group Guides Lifetime Brands Through Challenging Credit Market

June | 2010



	Lifetime Brands Inc. (NASDAQ:LCUT), a leading North American resource for nationally branded kitchenware, tabletop and home décor products, successfully consummated $165 million of five-year credit facilities, consisting of a $125 million Revolving Asset-Based Facility and a $40 million Second Lien Term Facility. Carl Marks Advisory Group LLC was retained by Lifetime Brands as financial advisor in connection with the Second Lien Term Facility. J.P. Morgan Securities Inc. served as the sole lead arranger and lead investor for the Revolving Asset-Based Facility, and Citigroup Global Markets Inc. provided the $40 million Second Lien Term Facility. "Carl Marks' skills and knowledge were invaluable in our successful consummation of the new credit facilities in an exceptionally difficult market," said Laurence Winoker, Lifetime's CFO. "We're pleased to have secured the new financing, which has effectively extended our debt maturities to June 2015 and allow for the company's continued development." Lifetime Brands designs, develops and markets its innovative products under many of the industry's best known brands, including Farberware®, Mikasa®, KitchenAid®, Pfaltzgraff®, Cuisinart® and Wallace®, among others. "With its existing healthy balance sheet and new round of credit facilities providing added liquidity, Lifetime Brands is well positioned to continue its growth trajectory well into the future." — Charles Boguslaski, Director Carl Marks Advisory Group LLC


	Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational and real estate advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC.