Loan & DebtAug 5, 2026, 05:33 PM
Newell Brands Prices $600M 6.250% Senior Notes Due 2031
AI Summary
Newell Brands announced the pricing of a private offering of $600 million aggregate principal amount of 6.250% senior unsecured notes due 2031. The company intends to use the net proceeds to redeem its outstanding 6.375% senior notes due 2027, pay related fees, and repay a portion of its asset-based revolving credit facility. The offering is expected to close on August 19, 2026.
Key Highlights
- Priced $600 million aggregate principal amount of senior unsecured notes.
- Notes carry an interest rate of 6.250% and are due in 2031.
- Proceeds will redeem outstanding 6.375% senior notes due 2027.
- Funds will also repay a portion of the five-year asset-based revolving credit facility.
- Offering is expected to close on August 19, 2026.
- Redemption is conditioned on the offering or alternative debt financing of at least $500 million.
Price Impact
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