APN Apeiron Capital Investment Corp

Applica Incorporated Announces Amended and Restated Senior Credit Facility MIRAMAR, Fla., Nov. 18 /PRNewswire-FirstCall/ -- Applica Incorporated (NYSE:APN) today announced that it has amended and restated its senior credit facility. The facility was extended to November 2009 and reduced to $175 million to eliminate unused capacity. The facility also provides for an accordion feature to increase the facility up to an additional $50 million if needed to support growth. Terry Polistina, Applica's Senior Vice President and Chief Financial Officer, stated, "We would like to thank our bank group for their support in extending the facility, giving us more flexible covenants and providing the ability to improve pricing based on our performance." Applica Incorporated and its subsidiaries are marketers and distributors of a broad range of branded and private-label small electric consumer goods. Applica markets and distributes kitchen products, home products, pest control products, pet care products and personal care products. Applica markets products under licensed brand names, such as Black & Decker(R), its own brand names, such as Windmere(R), LitterMaid(R) and Applica(R), and other private- label brand names. Applica's customers include mass merchandisers, specialty retailers and appliance distributors primarily in North America, Latin America and the Caribbean. The Company operates manufacturing facilities in Mexico. Additional information regarding the Company is available at http://www.applicainc.com/ . DATASOURCE: Applica Incorporated CONTACT: Investor Relations Department of Applica Incorporated, +1-954-883-1000, or Web site: http://www.applicainc.com/

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