NEWELL BRANDS INC. (NWL): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEWELL BRANDS INC. incurred senior notes of $1,250,000,000 with U.S. Bank Trust Company, National Association at 8.500% maturing due 2028.

Instrument: senior notes
Principal: $1,250,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 8.500%
Maturity: due 2028
Event: incurrence

Exact text from the filing

On May 22, 2025, Newell Brands Inc. (the “Company”) issued $1,250,000,000 of aggregate principal amount of 8.500% senior notes due 2028 (the “Notes”)

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Source: SEC EDGAR

accession 0000950170-25-076419

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