---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-029292"
form_type: "8-K"
ticker: "NWL"
cik: "0000814453"
company_name: "NEWELL BRANDS INC."
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T05:04:21.992327+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Newell Brands cuts revolver to $1B from $1.5B; adds asset-based covenants and security

## Summary
- Commitments reduced from $1.5 billion to $1.0 billion; new Total Net Leverage and Collateral Coverage covenants added.
- Maximum Total Net Leverage Ratio begins at 7.50x and steps down to 5.25x by Q3 2026.
- Collateral Coverage Test requires minimum 1.05x ratio of pledged asset value to revolver exposure.
- Company grants security interests in accounts receivable, inventory, equipment, and intellectual property.

## SEC filing metadata
- accession: 0001193125-24-029292
- form_type: 8-K
- ticker: NWL
- cik: 0000814453
- company_name: NEWELL BRANDS INC.
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814453/000119312524029292/0001193125-24-029292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814453/000119312524029292/d664568d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-029292
- JSON: https://secwatch.observer/filing/0001193125-24-029292.json
- Plain text: https://secwatch.observer/filing/0001193125-24-029292.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000119312524029292/0001193125-24-029292-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000119312524029292/0001193125-24-029292-index.htm

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