Press release
Newell Brands Announces Early Results of Its Tender Offer
ATLANTA--(BUSINESS WIRE)-- Newell Brands Inc. (NASDAQ: NWL) (the “Company” or “Newell Brands”) announced today the early results of its previously announced
About this update from Newell Brands Inc.
[{"type":"text","content":" ATLANTA--(BUSINESS WIRE)--\nNewell Brands Inc. (NASDAQ: NWL) (the “Company” or “Newell Brands”) announced today the early results of its previously announced debt tender offer (the “Offer”) to purchase for cash up to an aggregate principal amount equal to $300,000,000 (the “Maximum Tender Amount”) of the Company’s outstanding securities listed in the table below (collectively, the “Notes”), subject to the Acceptance Priority Levels specified in the table below. According to Global Bondholder Services Corporation, information agent and tender agent for the Offer, as of 5:00 p.m., New York City time, on November 24, 2020 (the \"Early Tender Deadline\"), Newell Brands had received valid tenders in aggregate principal amount of $509,558,000 from holders of the Notes as set forth in the table below:\n\n\n\nTitle of Security\n\n\n \n\nPrincipal\nAmount\nOutstanding\n\n\n \n\nCUSIP/ISIN\n\n\n \n\nAcceptance\nPriority Level\n\n\n \n\nPrincipal\nAmount\nTendered\n\n\n \n\nTender Offer\nConsideration\n\n\n \n\nEarly\nTender\nPremium(1)\n\n\n \n\n \n\n\nTotal\nConsideration(2)\n\n\n\n\n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n\n\n\n3.850% Notes due 2023(3)\n\n\n \n\n$1,393,254,000\n\n\n \n\nCUSIP: 651229 AV8\n\n\nISIN: US651229AV81\n\n\n \n\n1\n\n\n \n\n$460,447,000\n\n\n \n\n$1,027.50\n\n\n \n\n$30\n\n\n \n\n$1,057.50\n\n\n\n\n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n\n\n\n4.000% Notes due 2022\n\n\n \n\n$250,000,000\n\n\n \n\nCUSIP: 651229 AM8\n\n\nISIN: US651229AM8Z\n\n\n \n\n2\n\n\n \n\n$43,405,000\n\n\n \n\n$1,007.50\n\n\n \n\n$30\n\n\n \n\n$1,037.50\n\n\n\n\n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n \n\n \n\n\n\n\n\n3.150% Notes due 2021(3)\n\n\n \n\n$93,840,000\n\n\n \n\nCUSIP: 651229 AU0\n\n\nISIN: US651229AU09\n\n\n \n\n3\n\n\n \n\n$5,706,000\n\n\n \n\n$976.25\n\n\n \n\n$30\n\n\n \n\n$1,006.25\n\n\n\n\n________________\n\n(1) As set forth in the Offer to Purchase (as defined below), the Early Tender Premium will be payable only to holders of the Notes that were validly tendered (and not validly withdrawn) as of the Early Tender Deadline, and that are accepted for purchase.\n(2) The Total Consideration payable for each $1,000 principal amount of Notes validly tendered at or prior to the Ea...