Newell Brands issues $1.25B of 8.500% senior notes due 2028 to refinance 4.200% notes due 2026

NEWELL BRANDS INC.

Issued $1.25B aggregate principal of 8.500% senior notes maturing 2028.
Net proceeds, plus cash on hand, will redeem all outstanding 4.200% senior notes due 2026.
Notes are senior unsecured with customary covenants; change-of-control put at 101% of principal.
Issuance exempt from SEC registration; Indenture dated May 22, 2025 with U.S. Bank Trust.
Refinancing increases coupon from 4.200% to 8.500%, raising annual interest expense.

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