---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-146032"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:02:53.952932+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands issues $350M of 3.375% Exchangeable Senior Notes due 2029

## Summary
- Principal amount $350M, including full exercise of option for additional $50M.
- Interest rate 3.375% per annum, semi-annual, matures June 1, 2029.
- Initial exchange price ~$121.86 per share (8.2060 shares per $1,000 principal).
- Capped call transactions cost $25.2M, cap price $159.36, to reduce dilution.
- Net proceeds: ~$50M for stock repurchase, remainder for general corporate purposes.

## SEC filing metadata
- accession: 0001193125-24-146032
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000119312524146032/0001193125-24-146032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000119312524146032/d795736d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-146032
- JSON: https://secwatch.observer/filing/0001193125-24-146032.json
- Plain text: https://secwatch.observer/filing/0001193125-24-146032.txt

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