On August 20, 2009, Jarden Corporation (the "Company" or "Jarden") entered into Amendment No. 12 to its Credit Agreement (as defined below) (the "Credit Agreement Amendment") amending certain provisions of the Credit Agreement, dated as of January 24, 2005 (as amended, supplemented, restated or otherwise modified from time to time, the "Credit Agreement"), among the Company, as borrower, the lenders and letter of credit issuers party thereto from time to time, Deutsche Bank AG New York Branch, as administrative agent for the lenders and letter of credit issuers, Citicorp USA, Inc., as syndication agent for the lenders and letter of credit issuers and Bank of America, N.A., National City Bank of Indiana and SunTrust Bank, as co-documentation agents for the lenders and letter of credit issuers. All terms used herein without definition shall have the respective meanings given such terms in the Credit Agreement.

Pursuant to the Credit Agreement Amendment, the term loan lenders were given the opportunity to extend the maturity of $600 million aggregate principal amount of such term loans by three years by converting all or a portion of such lenders' loans into a new loan tranche having a maturity date of January 26, 2015. The new loan tranche was fully subscribed. The Base Rate Loan and Eurodollar Rate Loan margins with respect to such converted term loans will be increased to 2.25% and 3.25%, respectively. The maturity date and interest margins with respect to unconverted term loans will remain unchanged. No additional indebtedness has been issued by the Company in connection with the Credit Agreement Amendment.

Additionally, pursuant to the Credit Agreement Amendment: (i) the size of the Company's allowed accounts receivable securitization basket was increased from $250 million to $400 million and the size of its general debt basket was increased from $75 million to $150 million; (ii) several additional lenders were added as eligible letter of credit issuers under the Credit Agreement; and
(iii) certain other minor agreements, obligations, covenants, representations and warranties of the parties thereto have been amended, modified and/or supplemented.

In connection with the execution of the Credit Agreement Amendment, each existing guarantor under the Credit Agreement consented to the terms of the Credit Agreement Amendment and agreed that the terms of the Credit Agreement Amendment shall not affect in any way its obligations and liabilities under any loan document by executing that certain Consent, Agreement and Affirmation of Guaranty (the "Consent, Agreement and Affirmation of Guaranty").

A copy of the Credit Agreement Amendment and the Consent, Agreement and Affirmation of Guaranty are attached to this Current Report on Form 8-K as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference as though they were fully set forth herein. The foregoing summary description of the Credit Agreement Amendment and the Consent, Agreement and Affirmation of Guaranty and the transactions contemplated thereby are not intended to be complete, and are qualified in their entirety by the complete text of the Credit Agreement Amendment and the Consent, Agreement and Affirmation of Guaranty, copies of which are attached hereto.

Please see the discussion in "Item 1.01. Entry into a Material Definitive Agreement" of this Form 8-K, which discussion is incorporated herein by this reference.

(d) Exhibits.

Exhibit No.       Description
   10.1           Amendment No. 12 to Credit Agreement, dated as of August 20,
                  2009, among Jarden Corporation, Deutsche Bank AG New York Branch,
                  as administrative agent, Citicorp USA, Inc., as syndication
                  agent, and each lender identified on the signature pages thereto.

   10.2           Consent, Agreement and Affirmation of Guaranty.