EveryWare Global, Inc.  has entered into an amendment to extend the Company's Forbearance Agreement with the administrative agent and certain other lenders under the company's Term Loan Agreement through July 22, 2014. In addition, EveryWare entered into a further amendment to the company's asset backed loan ("ABL") agreement with the lenders under its ABL facility to extend the increased availability under that facility through July 22, 2014.

The Forbearance Agreement amendment provides that the parties to the Forbearance Agreement, constituting more than 50% of the lenders under the Term Loan Agreement, will continue to forbear from exercising their rights and remedies under the Term Loan Agreement with respect to the events of default that occurred as a result of the company's failure to comply with the maximum consolidated leverage ratio covenant and the minimum interest coverage ratio covenant for the fiscal quarters ended March 31, 2014 and June 30, 2014. The period of forbearance is now set to expire at 5:00 p.m. (New York City time) on July 22, 2014, unless terminated earlier pursuant to the terms of the Forbearance Agreement.

In addition, the company entered into an amendment to the Company's ABL agreement. Among other things, the ABL amendment extended the temporary increase in the company's available liquidity from June 30, 2014 to the earlier of (i) July 22, 2014 and (ii) the date on which the Forbearance Agreement terminates in accordance with its terms. If the Forbearance Agreement terminates prior to July 22, 2014, it will result in an event of default under the ABL agreement. An 8-K filing with the Securities and Exchange Commission notes Wells Fargo is the administrative agent on the ABL facility and Deutsche Bank is the adminstrative agent on the term loan. To view the filing, click here.

EveryWare is a leading global marketer of tabletop and food preparation products for the consumer and foodservice markets, with operations in the United States, Canada, Mexico, Latin America, Europe and Asia. Its global platform allows it to market and distribute internationally its total portfolio of products, including bakeware, beverageware, serveware, storageware, flatware, dinnerware, crystal, buffetware and hollowware; premium spirit bottles; cookware; gadgets; candle and floral glass containers; and other kitchen products, all under a broad collection of widely-recognized brands.