Additional details on the New Facility can be found in the Form 8-K filed today with the Securities and Exchange Commission. Wells Fargo Bank is the Administrative Agent, Swingline Lender, and Issuing Bank on the New Facility, with BMO Harris Bank, Fifth Third Bank, and Truist Bank as Syndication Agents. Wells Fargo Securities, BMO Capital Markets, Fifth Third Bank, and Truist Securities acted as Joint Lead Arrangers and Joint Bookrunners on the New Facility. In combination with lower absolute debt outstanding, the New Facility is expected to lower the Company's overall net interest expense and be a tailwind to earnings growth on a go-forward basis. The Term Loan includes a €176 million Euro tranche, which aligns with the Company's international business footprint, operational needs, and evolving tax strategy. Our new credit facility enhances our financial flexibility and is consistent with our strategy to optimize the capital structure of the Company while supporting future growth.' 'This transaction is another tangible example of the foundational improvements we've made to the business over the past eighteen months, and represents another significant milestone in Tupperware's ongoing Turnaround Plan. 'We are excited to have refinanced our credit facility at such attractive terms,' said Sandra Harris, Chief Financial and Operations Officer of Tupperware Brands. The Transaction lowers the company's cost of capital, extends maturity, resets financial covenants to enhance operating flexibility, and increases liquidity through a higher level of revolver capacity. The New Facility carries an interest rate of LIBOR plus 200 basis points. The New Facility consists of a five-year, $480 million Revolving Credit Facility, and a five-year, $400 million Term Loan.

Resets and simplifies financial covenants to enhance operating and capital allocation flexibility.

Increases liquidity by approximately $100 million.

Extends credit facility maturity by 2.5 years to 2026.

Lowers interest rate on term loans by over 6 percentage points.

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