debt
confidence high
sentiment neutral
materiality 0.50
Newell Brands prices $600M of 6.250% senior notes due 2031; to redeem 6.375% notes due 2027
NEWELL BRANDS INC.
- Issued $600M aggregate principal of 6.250% senior notes due 2031 on Aug 19, 2026, unsecured with standard covenants.
- Proceeds used to redeem in full 6.375% senior notes due 2027 at 101.530% ($1,015.30 per $1,000) plus accrued interest.
- Redemption date for 2027 notes is August 20, 2026; supplemental notice issued August 18, 2026.
- Remaining proceeds repay part of outstanding five-year asset-based revolving credit facility dated July 30, 2026.
- Change of control plus ratings downgrade triggers offer to repurchase notes at 101% of principal plus accrued interest.