Press release
Newell Brands Announces Upsizing and Pricing of $1.25 Billion 8.50% Senior Notes due 2028
ATLANTA--(BUSINESS WIRE)-- Newell Brands (NASDAQ: NWL) today announced the upsizing and pricing of $1.25 billion aggregate principal amount of 8.50% senior
About this update from Newell Brands Inc.
[{"type":"text","content":" ATLANTA--(BUSINESS WIRE)--\nNewell Brands (NASDAQ: NWL) today announced the upsizing and pricing of $1.25 billion aggregate principal amount of 8.50% senior unsecured notes due 2028 (the “Notes”) in an offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offering of the Notes is expected to close on May 22, 2025, subject to customary closing conditions.\n\nNewell Brands intends to use the net proceeds from the sale of the Notes in this Offering, along with cash on hand, to redeem in full its outstanding 4.200% senior notes due 2026 (the “2026 Notes”) and pay related fees and expenses in connection with the Offering and the redemption. Neither this press release nor anything contained herein shall constitute a notice of redemption or an offer to redeem or purchase any of the outstanding 2026 Notes.\n\nThis news release does not constitute an offer to sell or the solicitation of an offer to buy any securities. The Notes are being offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.\n\nAbout Newell Brands\n\nNewell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments.\n\nForward-Looking Statements\n\nSome of the statements in this press release, particularly those relating to the Offering and the use of proceeds therefrom are forward-looking statements within the meaning of the Federal securities laws. Actual results could differ materially from expectations expressed or implied in th...