debt
confidence high
sentiment positive
materiality 0.60
Spectrum Brands completes $1.16B tender offer for senior notes; redeems remaining 2026 Notes
Spectrum Brands Holdings, Inc.
- Tender offer expired June 18; accepted €407.34M of 2026 Notes, $284.23M of 2029, $142.48M of 2030, $285.68M of 2031.
- Aggregate purchase price including accrued interest approx $1.1605 billion.
- Remaining €17.66M of 2026 Notes redeemed at 100.667% of principal plus accrued interest.
- Parent Spectrum Brands Holdings guarantees 2031 Notes under guarantee agreement dated June 20, 2024.