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Get filing alertsNewell Brands issues $600M 6.250% senior notes due 2031 to refinance 2027 debt
Filed August 19, 2026 · Period ending August 19, 2026 · ~1 min read
Key Changes
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high
Issued $600M of 6.250% senior notes due 2031 in a private placement, extending debt maturity by four years from the 2027 notes being redeemed.
Item 1.01 verify on EDGAR → -
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Proceeds will redeem all outstanding 6.375% notes due 2027 at 101.530% of par on August 20, 2026, and repay a portion of the revolving credit facility.
Item 1.01 verify on EDGAR → -
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New notes include restrictive covenants on additional debt, liens, asset sales, and capital distributions that terminate upon achieving investment grade ratings.
Item 1.01 verify on EDGAR → -
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Change of control provision requires the company to offer repurchase at 101% of par if accompanied by a ratings downgrade.
Item 1.01 verify on EDGAR →
Summary
Newell Brands refinanced its near-term debt by issuing $600 million of 6.250% senior notes due 2031 and using the proceeds to redeem its existing 6.375% notes due 2027. The transaction extends the company's debt maturity profile by four years, pushing the repayment obligation from 2027 to 2031, while reducing the coupon rate by 12.5 basis points.
The company will pay a 1.530% premium to redeem the 2027 notes on August 20, 2026, and will also use proceeds to reduce borrowings under its revolving credit facility. The new notes carry standard restrictive covenants limiting the company's ability to incur additional debt, create liens, make asset sales, and pay dividends or repurchase stock.
These restrictions terminate if the notes achieve investment grade ratings, giving management an incentive to improve credit quality. The change of control provision requires a repurchase offer at 101% of par if a control event triggers a ratings downgrade, protecting noteholders from credit deterioration following an ownership change. This is a straightforward liability management transaction that addresses the 2027 maturity and provides modest interest savings.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · verify on EDGAR →
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 is incorporated herein by reference into this Item 2.03. 2
The 8-K includes a labeled Item 2.03 section. Its body incorporates the primary Item (typically 1.01) by reference rather than restating terms — do not treat that thinness as 'Item 2.03 absent.' The company is signaling creation of a direct financial obligation alongside the agreement disclosure; keep Item 2.03 visible in the report.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Company intends to use the net proceeds from the sale of the Notes to redeem in full its outstanding 6.375% senior notes due 2027 (the “2027 Notes”), pay related fees and expenses in connection with the offering and the redemption, and repay a portion of the amount outstanding under its five-year asset-based revolving credit facility, dated as of July 30, 2026.
The proceeds will redeem the company's existing 6.375% notes due 2027, pay transaction fees, and reduce borrowings under the revolving credit facility. This refinancing extends debt maturity from 2027 to 2031.
Added in current filing · verify on EDGAR →
On August 18, 2026, the Company issued a supplemental notice to holders of the 2027 Notes announcing a redemption price for such 2027 Notes equal to 101.530%, or $1,015.30 per $1,000 aggregate principal amount of the 2027 Notes plus the accrued and unpaid interest to, but not including, the redemption date of August 20, 2026.
The company will redeem its 2027 notes on August 20, 2026 at a price of $1,015.30 per $1,000 principal amount plus accrued interest. This represents a 1.530% premium to par value.
Added in current filing · verify on EDGAR →
If a specified event deemed to be a change of control of the Company and a ratings downgrade occur, the Company will be required to offer to repurchase all outstanding Notes at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase plus accrued and unpaid interest, if any, to, but excluding, the repurchase date.
If a change of control occurs along with a ratings downgrade, the company must offer to repurchase the notes at 101% of par plus accrued interest. This protects noteholders from deterioration in credit quality following an ownership change.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 20, 2026 · How we verify