---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-086855"
form_type: "8-K"
ticker: "NWL"
cik: "0000814453"
company_name: "NEWELL BRANDS INC."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:44:19.079854+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Newell Brands amends credit agreement, lowers interest coverage covenant to 3.00x for four quarters

## Summary
- Interest Coverage Ratio reduced from 3.50x to 3.00x for fiscal quarters ending June 30, Sep 30, Dec 31, 2023 and Mar 31, 2024.
- Covenant reverts to 3.50x after March 31, 2024.
- Consolidated EBITDA definition expanded to include non-cash stock compensation expenses.
- Amendment executed March 27, 2023 with required lenders; no default or event of default occurred.

## SEC filing metadata
- accession: 0001193125-23-086855
- form_type: 8-K
- ticker: NWL
- cik: 0000814453
- company_name: NEWELL BRANDS INC.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814453/000119312523086855/0001193125-23-086855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814453/000119312523086855/d478641d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-086855
- JSON: https://secwatch.observer/filing/0001193125-23-086855.json
- Plain text: https://secwatch.observer/filing/0001193125-23-086855.txt

## Key facts
- Material Agreements
  NEWELL BRANDS INC. amended First Amendment with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2023-03-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
  - Effective: 2023-03-27
  source text: On March 27, 2023, Newell Brands Inc. (the “Company”) and certain of its subsidiaries, as subsidiary borrowers (the “Subsidiary Borrowers”), entered into an amendment to the five-year revolving credit agreement (the “First Amendment”) with a syndicate of banks led by JPMorgan Chase Bank, N.A., as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000119312523086855/0001193125-23-086855-index.htm

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