debt
confidence high
sentiment neutral
materiality 0.15
Newell corrects typo in credit agreement leverage ratio definition
NEWELL BRANDS INC.
- Corrects typographical error in original 8-K filed 2/9/2024 regarding Total Net Leverage Ratio.
- Maximum ratio at 7.50:1.00 for quarters ending 3/31/2024 through 9/30/2024.
- Steps down to 7.25:1.00 for Q4 2024 through Q2 2025; then 6.50:1.00 through Q2 2026.
- Thereafter set at 5.25:1.00 from fiscal quarter ending 9/30/2026 onward.