RTTNews | Jun 22, 2021 09:58AM EDT

09:58 Tuesday, June 22, 2021 (RTTNews.com) - Shares of Tupperware Brands Corporation (TUP) are climbing more than 13% Tuesday morning.

Monday the company announced share buyback of up to $250 million of its common stock. Additionally, Tupperware Brands said it has pre-payed $58 million of its term loan debt from Angelo Gordon and JP Morgan.

"The ongoing success of our Turnaround Plan has resulted in the Company's improved liquidity position over the past 18 months enabling us to prepay $58 million of the outstanding term loan," said Sandra Harris, Tupperware Brands Chief Financial Officer and Chief Operating Officer.

TUP, currently at $23.16, has traded in the range of $4.07- $38.59 in the past 52 weeks.

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