{"schema_version":"secwatch.filing_event.v1","accession":"0000109177-23-000030","form_type":"8-K","ticker":"SPB","cik":"0000109177","company_name":"Spectrum Brands Holdings, Inc.","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.913271+00:00","generated_at":"2026-06-13T20:33:35.901413+00:00","sec_items":["2.01","9.01","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Spectrum Brands closes $4.3B sale of HHI to ASSA ABLOY; net proceeds ~$3.6B","bullets":["Net proceeds ~$3.6B after taxes/fees; plans to repay $1.6B debt including term loan, revolver, and 5.75% notes due 2025.","Board approved new $1B stock repurchase program; $500M accelerated share repurchase to commence.","Intends to become pure-play Global Pet Care and Home & Garden; will separate Home & Personal Care business in medium term.","Pro forma net loss from continuing ops: $131M for H1 FY2023 and $103M for FY2022.","$600M revolver remains available; expects net cash position by end of fiscal 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000109177-23-000030","json":"https://secwatch.observer/filing/0000109177-23-000030.json","markdown":"https://secwatch.observer/filing/0000109177-23-000030.md","text":"https://secwatch.observer/filing/0000109177-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109177/000010917723000030/0000109177-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109177/000010917723000030/spb-20230619.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T20:33:35.901413+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bfabc6078134351b4db451aa8db1197f16dd2fd0","claim":"Spectrum Brands Holdings, Inc. completed a disposition involving ASSA ABLOY AB for $4.3 billion in cash (closed 2023-06-20).","evidence_excerpt":"conditions set forth in the Purchase Agreement, ASSA ABLOY AB will acquire from the Company its Hardware and Home Improvement (\"HHI\") business for an aggregate purchase price of $4.3 billion in cash, subject to customary purchase price adjustments (the \"Transaction\"). The foregoing description of the Purchase Agreement does not purport to be complete and is qualified","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/109177/000010917723000030/0000109177-23-000030-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"ASSA ABLOY AB"},{"label":"Consideration","value":"$4.3 billion in cash"},{"label":"Closing","value":"2023-06-20"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}