Newell Brands announced the public offering of $500 million aggregate principal amount of 6.375 percent notes due 2027 and $500 million aggregate principal amount of 6.625 percent notes due 2029.
The offering of the notes is expected to close on September 14, 2022, subject to customary closing conditions.
Newell Brands intends to use the net proceeds from the offering and available cash to redeem or repurchase its outstanding 3.850 percent senior notes due 2023.
