---
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"
generated_at: "2026-06-13T20:33:35.901413+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands closes $4.3B sale of HHI to ASSA ABLOY; net proceeds ~$3.6B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.01, 9.01, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-23-000030
- JSON: https://secwatch.observer/filing/0000109177-23-000030.json
- Plain text: https://secwatch.observer/filing/0000109177-23-000030.txt

## Key facts
- M&A Transactions
  Spectrum Brands Holdings, Inc. completed a disposition involving ASSA ABLOY AB for $4.3 billion in cash (closed 2023-06-20).
  - Action: disposition
  - Counterparty: ASSA ABLOY AB
  - Consideration: $4.3 billion in cash
  - Closing: 2023-06-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109177/000010917723000030/0000109177-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.