secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001193125-23-251560
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312523251560/0001193125-23-251560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312523251560/d548738d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-251560

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer