Newell Brands prices $600M in senior notes due 2031

Newell Brands (NASDAQ: NWL) has priced $600 million in aggregate principal of 6.250% senior unsecured notes due 2031, according to a company statement.

The offering, upsized from its original size, is expected to close on August 19, 2026, subject to customary closing conditions. The notes are being offered to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, exempt from Securities Act registration requirements.

Newell Brands said it intends to use the net proceeds to redeem in full its outstanding 6.375% senior notes due 2027, cover related fees and expenses, and repay a portion of amounts outstanding under its five-year asset-based revolving credit facility dated July 30, 2026.

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