CONSUMER PRODUCTS

DEP Sets Reorganization: The Rancho Dominguez-based toiletries maker, which filed for bankruptcy protection in April, said it reached agreement with its lender group on an amended plan of reorganization. The lenders, led by Foothill Capital, will provide $62 million in long-term financing at a rate 2 percentage points over the prime lending rate. The lenders will receive 542,488 DEP shares plus warrants to purchase an additional 330,050 shares at a price to be determined. DEP has 6,251,140 shares outstanding, so the new shares could dilute existing holders by about 14%. Unsecured creditors will be paid with 5% interest over 18 months. DEP Corp. shares, now in two classes, will be reclassified into one class. The company’s Class A shares rose 12.5 cents to $1.75 on Nasdaq.