secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K/A
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001193125-24-032079
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell corrects typo in credit agreement leverage ratio definition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312524032079/0001193125-24-032079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312524032079/d775997d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-032079

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