secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2026-07-31T20:10:18+00:00
Accession:  0001193125-26-328583
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands enters $800M ABL credit facility, borrows $490M to refinance existing debt
--------------------------------------------------------------------------------

- New $800M ABL facility matures July 2031, with $500M accordion feature.
- Borrowed $490M on closing to repay and replace existing revolving facility.
- Interest rates: SOFR plus 1.50%-2.00% or base rate plus 0.50%-1.00%.
- Secured by first-priority lien on certain assets; fixed charge coverage ratio >=1.00x when availability low.
- JPMorgan Chase leads syndicate of banks as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000119312526328583/0001193125-26-328583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000119312526328583/d157662d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-328583

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer