Oaktree Capital to Invest $127 Million in Spectrum Brands' Home and Personal Care Business
By Robb M. Stewart
Spectrum Brand has lined up a $127 million investment from Oaktree Capital Management as it works to separate its home and personal care business from the rest of its operations.
The consumer goods company--whose brands range from Remington and George Foreman to Black Flag insecticides--on Monday said it signed a definitive agreement for a strategic investment by Oaktree in its home and personal care segment.
The injection consists of $67 million in the form of convertible preferred equity and $60 million in a lien term loan to Spectrum's business, and which is recourse only to the business.
When the transaction closes, Oaktree will own a roughly 27% equity stake in the home and personal care business, while the remainder will be held by a wholly-owned subsidiary of Spectrum.
Spectrum said the investment establishes a strategic partnership that is designed to support the long-term growth of the home and personal care business.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 04, 2026 07:08 ET (11:08 GMT)
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