---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-251560"
form_type: "8-K"
ticker: "NWL"
cik: "0000814453"
company_name: "NEWELL BRANDS INC."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:22:42.242908+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Newell Brands enters new $275M A/R securitization facility; replaces terminated facility

## Summary
- New three-year revolving facility provides up to $275M (April–Feb) and $225M (other times).
- Floating yield at SOFR + 0.10% or weighted-average commercial paper cost.
- Former A/R facility terminated with no outstanding borrowings.
- Receivables sold to Jarden Receivables, LLC; off-balance sheet; no collectability guarantee.
- Customary affirmative/negative covenants and acceleration provisions apply.

## SEC filing metadata
- accession: 0001193125-23-251560
- form_type: 8-K
- ticker: NWL
- cik: 0000814453
- company_name: NEWELL BRANDS INC.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814453/000119312523251560/0001193125-23-251560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814453/000119312523251560/d548738d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-251560
- JSON: https://secwatch.observer/filing/0001193125-23-251560.json
- Plain text: https://secwatch.observer/filing/0001193125-23-251560.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000119312523251560/0001193125-23-251560-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000119312523251560/0001193125-23-251560-index.htm

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