New York, December 04, 2013 -- Moody's said Spectrum Brands' announcement yesterday that it refinanced its $513 million U.S. term loan B due December 2019 with a new EUR200 million Euro term loan (approximately $270 million US) due September 2019 and a $250 million U.S. term loan due September 2019 is credit positive, but not enough to change the B1 Corporate Family Rating or stable outlook.

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