---
schema_version: "secwatch.filing_event.v1"
accession: "0000109177-23-000032"
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: "2026-06-13T20:33:55.509201+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands enters $500M ASR, repays $1.1B debt, redeems $450M notes

## Summary
- Entered $500M accelerated share repurchase with Goldman Sachs; initial delivery of ~5.3M shares.
- New $1.0B share repurchase program authorized, replacing prior program.
- Repaid $392M in term loans and $715M in revolving loans on June 20, 2023.
- Will redeem $449.97M 5.75% Senior Notes due 2025 on July 20, 2023.
- Actions funded by cash from sale of Hardware & Home Improvement segment to ASSA ABLOY.

## SEC filing metadata
- accession: 0000109177-23-000032
- 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: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000010917723000032/0000109177-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917723000032/spb-20230616.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-23-000032
- JSON: https://secwatch.observer/filing/0000109177-23-000032.json
- Plain text: https://secwatch.observer/filing/0000109177-23-000032.txt

## Key facts
- Material Agreements
  Spectrum Brands Holdings, Inc. entered into ASR Agreement with Goldman Sachs & Co. LLC valued at $500 million (effective 2023-06-20).
  - Action: entry
  - Counterparty: Goldman Sachs & Co. LLC
  - Value: $500 million
  - Effective: 2023-06-20
  source text: Spectrum Brands Holdings, Inc.’s (the “Company”) entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Goldman Sachs & Co. LLC (the “ASR Counterparty”) to repurchase an aggregate of $500 million of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/109177/000010917723000032/0000109177-23-000032-index.htm

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