NEWELL BRANDS INC. (NWL) Form 8-K — Jul 31, 2026
Newell Brands Inc. entered into a five-year $800 million asset-based revolving credit facility on July 30, 2026, led by JPMorgan Chase Bank as administrative agent. The new facility includes an uncommitted accordion feature that allows the company to increase commitments by up to $500 million subject to certain conditions. Upon closing, the company borrowed $490 million under the new facility to fully repay and replace its existing revolving credit facility dated August 31, 2022.
Key figures
- Debt Amount
- 800,000,000
- Interest Rate
- SOFR + 1.50% to 2.00% or Alternate Base Rate + 0.50% to 1.00%
- Maturity Date
- 2031-07-30
- Initial Borrowing
- 490,000,000
- Accordion Capacity
- 500,000,000
- Borrowing Base Components
- qualified cash, accounts receivable, inventory, equipment and certain intellectual property
- Fixed Charge Coverage Ratio
- 1.00 to 1.00
- Material Indebtedness Threshold
- 125,000,000
Price after filing
Close on the filing date to close N calendar days later (from $5.19). Historical, not a forecast.
AI analysis
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