Spectrum Brands estimates ~$1.2B in Net Proceeds from HHI sale available for asset sale offers

Spectrum Brands Holdings, Inc.

Remaining Net Proceeds: $1.2B after costs (-$0.1B), taxes (-$0.8B), debt repayment (-$1.8B), capex (-$0.5B).
SBI launched tender offers on May 20, 2024 for 2026/2029/2030/2031 notes; outcomes may affect Asset Sale Offer requirements.
Asset Sale Offer required only if Net Proceeds exceed $50M on June 20, 2024; current $1.2B far exceeds threshold.
Company reserves right to change tender terms, redeem outstanding notes, or defease covenants.

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