Spectrum Brands Holdings, Inc. has announced a voluntary prepayment of $40 million to reduce its senior secured term loan to $577 million in the company’s ongoing program to rapidly pay down debt and significantly strengthen its balance sheet. The company previously made voluntary prepayments of $50 million in November 2010, $20 million in December 2010, $20 million in May 2011, and $40 million in July 2011 on its original Term Loan of $750 million. Scheduled amortization accounted for an ...