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Newell Brands Announces Upsizing and Pricing of $1.25 Billion 8.50% Senior Notes due 2028

1. Newell Brands prices $1.25 billion of 8.50% senior unsecured notes. 2. Proceeds will be used for general corporate purposes.

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FAQ

Why Neutral?

The offering of notes may not significantly alter NWL's financial stability or growth prospects based on historical performance of similar debt offerings. For instance, past instances of debt issuance led to temporary stock volatility but did not fundamentally shift company value.

How important is it?

While the issuance may affect liquidity and interest payments, the overall corporate strategy will dictate longer-term impacts. Net proceeds utilization is crucial in determining potential growth or restructuring, making it relevant yet not overwhelmingly impactful at this time.

Why Short Term?

The immediate market reaction might reflect in short-term stock fluctuations but long-term impacts depend on proceeds utilization. Historical trends show debt offerings influence stock prices primarily in the short term.

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ATLANTA--(BUSINESS WIRE)--Newell Brands (NASDAQ: NWL) today announced the upsizing and pricing of $1.25 billion aggregate principal amount of 8.50% senior unsecured notes due 2028 (the “Notes”) in an offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offering of the Notes is expected to close on May 22, 2025, subject to customary closing conditions. Newell Brands intends to use the net proceeds from t.

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