Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
NEWELL BRANDS INC. incurred debt of up to $275 million with Royal Bank of Canada, as administrative agent at SOFR calculated based on term SOFR for a one-month interest period, plus 0.10% maturing three-year.
- Principal
- up to $275 million
- Counterparty
- Royal Bank of Canada, as administrative agent
- Rate
- SOFR calculated based on term SOFR for a one-month interest period, plus 0.10%
- Maturity
- three-year
- Event
- incurrence
Exact text from the filing
The New A/R Facility provides for liquidity in an amount of up to $275 million between April and February of each year and up to $225 million at all other times.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEWELL BRANDS INC. entered into New A/R Facility with Royal Bank of Canada, as administrative agent valued at up to $275 million (effective 2023-10-02).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Royal Bank of Canada, as administrative agent
- Value
- up to $275 million
- Effective
- 2023-10-02
Exact text from the filing
On October 2, 2023, following the termination of its existing accounts receivable securitization facility (the “Former A/R Facility”), which had no outstanding borrowings at termination, Newell Brands Inc. (the “Company”), the Originators (as defined below), each of which is a wholly-owned subsidiary of the Company, and Jarden Receivables, LLC, a wholly-owned bankruptcy-remote special purpose entity (the “SPE”), entered into a new three-year revolving accounts receivable securitization facility (the “New A/R Facility”).
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