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Playtex Q2 charge

Executive Summary

Consumer products company will take $3.8 mil. after-tax charge in the second quarter related to amendment of its credit agreement, firm states. Playtex issued new $450 mil. loan, and with $21.8 mil. cash, used it to repay existing $76 mil. and $395.8 mil. loans, company says. As a result, Playtex expects to realize interest savings of approximately $3.1 mil. over the next year, firm explains...
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