Press release
Newell Brands Announces Offering of $500 Million 6.375% Notes due 2027 and $500 Million 6.625% Notes due 2029
ATLANTA--(BUSINESS WIRE)-- Newell Brands (NASDAQ: NWL) today announced the public offering of $500 million aggregate principal amount of 6.375% notes due
About this update from Newell Brands Inc.
[{"type":"text","content":" ATLANTA--(BUSINESS WIRE)--\nNewell Brands (NASDAQ: NWL) today announced the public offering of $500 million aggregate principal amount of 6.375% notes due 2027 (the “2027 Notes”) and $500 million aggregate principal amount of 6.625% notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”). The offering of the Notes is expected to close on September 14, 2022, subject to customary closing conditions.\n\nNewell Brands intends to use the net proceeds from the offering, together with available cash, to redeem or repurchase its outstanding 3.850% senior notes due 2023 (the “2023 Notes”). Neither this press release nor anything contained herein shall constitute a notice of redemption of the 2023 Notes.\n\nJ.P. Morgan Securities LLC, BofA Securities, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Barclays Capital Inc., Wells Fargo Securities, LLC and Credit Suisse Securities (USA) LLC are serving as the joint book-running managers for the offering. PNC Capital Markets LLC, ING Financial Markets LLC, Siebert Williams Shank & Co., LLC and U.S. Bancorp Investments, Inc. are serving as the co-managers for the offering of the Notes.\n\nThe offering of the Notes is being made under an automatically effective shelf registration statement on Form S-3 (Registration No. 333-238122) filed by Newell Brands with the Securities and Exchange Commission (“SEC”) on May 8, 2020 and only by means of a prospectus supplement and accompanying prospectus. A preliminary prospectus supplement has been filed, and an issuer free writing prospectus and a prospectus supplement relating to the offering of the Notes will be filed, with the SEC, to which this communication relates. Prospective investors should read the issuer free writing prospectus, preliminary prospectus supplement and the accompanying prospectus included in the registration statement and other documents Newell Brands has filed with the SEC for more complete information about Newell Brands and the offering. These documents are available at no charge by visiting EDGAR on the SEC website at http://www.sec.gov. Alternatively, the prospectus and the prospectus supplement may be obtained by contacting J.P. Morgan Securities LLC at (866) 803-9204.\n\nThis communication is neither an offer to sell nor a solicitation of ...