secwatch / observer
8-K filed February 9, 2024, 6:59 PM ET ticker NWL CIK 0000814453
debt confidence high sentiment negative materiality 0.85

NEWELL BRANDS INC. (NWL): debt financing — Newell Brands cuts revolver to $1B from $1.5B; adds asset-based covenants and security

NEWELL BRANDS INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEWELL BRANDS INC. amended revolving credit of reduces the Commitments of the Lenders from $1.5 billion to $1 billion with JPMorgan Chase Bank, N.A., as Administrative Agent.

Instrument
revolving credit
Principal
reduces the Commitments of the Lenders from $1.5 billion to $1 billion
Counterparty
JPMorgan Chase Bank, N.A., as Administrative Agent
Event
amendment
Exact text from the filing
ubsidiaries, as subsidiary borrowers (the “Subsidiary Borrowers”), and certain of its subsidiaries, as subsidiary guarantors, entered into a second amendment to the five-year revolving credit agreement (the “Second Amendment”) with a syndicate of banks led by JPMorgan Chase Bank, N.A., as Administrative Agent. The Second Amendment amends the Company’s existing revolving credit agreement, dated as of August 31, 2022, among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto (as amended, including by the Second Amendment, the “Revolving Credit Agreement”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEWELL BRANDS INC. amended Second Amendment with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2024-02-07).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as Administrative Agent
Effective
2024-02-07
Exact text from the filing
On February 7, 2024, Newell Brands Inc. (the “Company”), certain of its subsidiaries, as subsidiary borrowers (the “Subsidiary Borrowers”), and certain of its subsidiaries, as subsidiary guarantors, entered into a second amendment to the five-year revolving credit agreement (the “Second Amendment”) with a syndicate of banks led by JPMorgan Chase Bank, N.A., as Administrative Agent.
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299 debt financings filed in the last 30 days. Browse all debt financings →

NEWELL BRANDS INC. filing history →

Source: SEC EDGAR
accession 0001193125-24-029292
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