Tupperware Brands(TUP) - 2022 Q4 - Earnings Call Transcript

Our trailing 12-month bank covenant leverage ratio was 4.9, within our recently amended maximum leverage ratio for the fourth quarter of 5.25. In our new amended credit agreement announced this week, our maximum leverage ratios increased. They are now 6.25 for the first, second, and third quarters of 2023, a stepping down to 5.75 in the fourth quarter and first quarter and second quarters of 2024, then stepping down to 4.50 for the third quarter and beyond of 2024. There is also change in the numerator sinc ...