Spectrum Brands prices $300M exchangeable notes due 2029; $50M share repurchase concurrent

Spectrum Brands Holdings, Inc.

Raises $300M in 3.375% exchangeable senior notes due 2029; net proceeds ~$291.6M after underwriter discount.
Initial exchange price ~$121.86/share (30% premium over May 20 closing price); exchange rate 8.2060 shares/$1,000.
Proceeds to fund $21.6M capped call (cap ~$159.36/share, 70% premium) and $50M SPB common stock buyback.
Notes are senior unsecured, guaranteed by parent and domestic subs; redeemable after June 7, 2027 under conditions.
Holders can require repurchase at 100% principal upon a fundamental change; initial purchasers have $50M greenshoe option.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.