Newell Brands has upsized and priced an offering of $600 million aggregate principal amount of 6.250% senior unsecured notes due 2031. The offering is expected to close on August 19, 2026, subject to customary closing conditions. The company intends to use the net proceeds to redeem in full its outstanding 6.375% senior notes due 2027, pay related fees and expenses, and repay a portion of the amount outstanding under its five-year asset-based revolving credit facility dated July 30, 2026. The notes are being offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, and have not been registered under the Securities Act.
Newell Brands IncCompany issues new debt at higher interest rate to refinance existing notes and repay credit facility, increasing interest expense.
