---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-143278"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T10:23:19.629219+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-143278
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000119312524143278/0001193125-24-143278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000119312524143278/d821243d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-143278
- JSON: https://secwatch.observer/filing/0001193125-24-143278.json
- Plain text: https://secwatch.observer/filing/0001193125-24-143278.txt

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