NEWELL BRANDS INC. (NWL) Form 8-K — Aug 19, 2026
Newell Brands issued $600 million of 6.250% senior notes due 2031 on August 19, 2026, in an unregistered offering to qualified institutional buyers, creating a new direct financial obligation disclosed under Items 1.01 and 2.03 of this 8-K. The company will use the proceeds to redeem in full its 6.375% senior notes due 2027 at 101.530%, or $1,015.30 per $1,000 of principal plus accrued interest, with the redemption date set for August 20, 2026, and to repay part of the amount outstanding under its five-year ABL revolving credit facility dated July 30, 2026. The new notes are senior unsecured obligations issued under an indenture with U.S.
Key figures
- Debt Amount
- 600000000
- Interest Rate
- 6.25
- Maturity Date
- 2031
- Security
- 6.250% senior notes due 2031
- Par call date
- February 15, 2031
- Redemption date
- 2026-08-20
- Make whole spread
- Treasury Rate plus 50 basis points before par call
- Redemption target
- 6.375% senior notes due 2027 redeemed in full
- Change of control put
- 101% of principal plus accrued interest (requires change of control plus ratings downgrade)
- Remaining notes stack
- ["8.500% due 2028","6.625% due 2029","6.375% due 2030","6.625% due 2032","5.375% due 2036","5.500% due 2046"]
- Total net leverage caps
- 5.00 to 1.00 (Investments basket); 4.50 to 1.00 (Restricted Payments basket)
- Redemption price percent
- 101.530%
- Redemption price per 1000
- $1,015.30
- Quarterly dividend cap per share
- 0.07
Price after filing
Close on the filing date to close N calendar days later (from $6.16). Historical, not a forecast.
AI analysis
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