Newell Brands Announces Offering of $500 Million 4.875% Notes due 2025
May 20 2020 - 5:35PM
Business Wire
Newell Brands (NASDAQ: NWL) today announced the public offering
of $500 million aggregate principal amount of 4.875% notes due 2025
(the “2025 Notes”). The offering of the 2025 Notes is expected to
close on May 26, 2020, subject to customary closing conditions.
Newell Brands intends to use the net proceeds from the offering
for general corporate purposes, which may include the repayment of
outstanding borrowings under its senior unsecured revolving credit
facility and accounts receivable securitization facility, as well
as the repayment of near-term public debt at contractual maturities
and other uses.
J.P. Morgan Securities LLC is serving as the book-running
manager for the offering.
The offering is being made under an automatically effective
shelf registration statement on Form S-3 (Registration No.
333-238122) filed by Newell Brands with the Securities and Exchange
Commission (“SEC”) on May 8, 2020 and only by means of a prospectus
supplement and accompanying prospectus. A preliminary prospectus
supplement has been filed, and an issuer free writing prospectus
and a prospectus supplement relating to the offering of the Notes
will be filed, with the SEC, to which this communication relates.
Prospective investors should read the issuer free writing
prospectus, preliminary prospectus supplement and the accompanying
prospectus included in the registration statement and other
documents Newell Brands has filed with the SEC for more complete
information about Newell Brands and the offering. These documents
are available at no charge by visiting EDGAR on the SEC website at
http://www.sec.gov. Alternatively, the prospectus and the
prospectus supplement may be obtained by contacting J.P. Morgan
Securities LLC at (212) 834-4533.
This communication is neither an offer to sell nor a
solicitation of an offer to buy the securities described herein,
nor shall there be any offer, solicitation or sale of these
securities in any jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
The offering of these securities will be made only by means of the
applicable prospectus supplement and the accompanying prospectus.
The securities being offered have not been approved or disapproved
by any regulatory authority, nor has any such authority passed upon
the accuracy or adequacy of the registration statement, the
prospectus contained therein or the applicable prospectus
supplement.
Forward-Looking Statements: Some of the statements in
this press release, particularly those relating to the offering of
the Notes and the use of proceeds therefrom are forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Actual results could differ
materially from expectations expressed or implied in the
forward-looking statements if one or more of the underlying
assumptions or expectations prove to be inaccurate or are
unrealized. Important factors that could cause actual results to
differ materially from such expectations are and will be detailed
in the company’s filings with the SEC, including its Annual Report
on Form 10-K for the year ended December 31, 2019 and its Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020, which are
available on the Newell Brands website at www.ir.newellbrands.com
in the Financial Information, SEC filings section.
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version on businesswire.com: https://www.businesswire.com/news/home/20200520005870/en/
Investors: Nancy O’Donnell SVP, Investor Relations and
Communications +1 (770) 418-7723 nancy.odonnell@newellco.com
Media: Danielle Clark Senior Manager, External
Communications +1 (404) 783-0419 danielle.clark@newellco.com
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