secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Brands Innovations, Inc. (FBIN)
CIK:        0001519751
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001193125-23-169036
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Brands Innovations issues $600M of 5.875% Senior Notes due 2033 to refinance 2023 notes
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- Issued $600M aggregate principal of 5.875% Senior Notes due June 1, 2033; net proceeds ~$593M.
- Interest payable semi-annually on June 1 and Dec 1, beginning Dec 1, 2023.
- Net proceeds used to repay existing 4.000% Senior Notes due Sept 2023 and for general corporate purposes.
- Notes rank equally with existing and future senior unsecured indebtedness.
- Redemption at 100% of principal plus accrued interest after March 1, 2033; before that at greater of make-whole premium or par.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519751/000119312523169036/0001193125-23-169036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519751/000119312523169036/d506998d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169036

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