debt
confidence high
sentiment neutral
materiality 0.50
Fortune Brands Innovations issues $600M of 5.875% senior notes due 2033
Fortune Brands Innovations, Inc.
- $600M aggregate principal of 5.875% Senior Notes due 2033 via underwritten public offering.
- Net proceeds to repay 4.000% Senior Notes due Sep 2023 and for general corporate purposes.
- Offering expected to close June 14, 2023; BofA, Citigroup, J.P. Morgan act as representatives.
- Notes issued under Fifth Supplemental Indenture; Wilmington Trust and Citibank as trustee and agent.