Oaktree Capital to Invest $127 Million in Spectrum Brands' Home and Personal Care Business

Published: 2026-05-04 07:09:19 ET SPB

Published on 05/04/2026 at 07:09 am EDT

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 [email protected]

(END) Dow Jones Newswires

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