Tupperware Brands Corp. is looking to ease its debt burden, as the consumer-products company enters a new phase in its effort to turn around a business struggling with coronavirus lockdowns and shifts in shopping habits.
The publicly listed company on Tuesday is launching an offer to repurchase at a deep discount about one-third of a $600 million bond that falls due a year from now. The strategy is to ease financial pressure on the company, increasing its chances of repaying the bond on time and helping it meet guidelines... WSJ