secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001193125-24-256691
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands issues $1.25B in notes (6.375% 2030, 6.625% 2032) to refinance near-term debt
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- Issued $750M of 6.375% notes due 2030 and $500M of 6.625% notes due 2032 at 99.15% of par.
- Transaction closed November 13, 2024; net proceeds to redeem $490M of 4.875% notes due 2025 and part of 4.200% notes due 2026.
- Notes are senior unsecured with change-of-control repurchase at 101% plus accrued interest.
- Covenants include limits on additional debt, liens, asset sales, and affiliate transactions, subject to investment grade termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312524256691/0001193125-24-256691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312524256691/d853098d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-256691

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