Newell Brands Inc. filed a current report on August 19, 2026, disclosing the issuance of $600,000,000 aggregate principal amount of 6.250% senior notes due 2031 in a transaction exempt from Securities Act registration.

Key Highlights

  • Notes issued: $600,000,000 aggregate principal amount of 6.250% senior notes due 2031, issued August 19, 2026.
  • Use of proceeds: Net proceeds are intended to redeem in full the outstanding 6.375% senior notes due 2027, pay related fees and expenses, and repay a portion of the asset-based revolving credit facility dated July 30, 2026.
  • 2027 Notes redemption price: 101.530%, or $1,015.30 per $1,000 aggregate principal amount, plus accrued and unpaid interest to but not including the redemption date of August 20, 2026.
  • Change of control provision: Upon a specified change of control and ratings downgrade, the company must offer to repurchase all outstanding Notes at 101% of principal plus accrued and unpaid interest.
  • Trustee: U.S. Bank Trust Company, National Association serves as trustee under the Indenture dated August 19, 2026.
  • Senior unsecured obligations: The Indenture designates the Notes as senior unsecured obligations of the company, with covenants limiting additional debt, certain liens, asset sales, and affiliate transactions, subject to qualifications.

Newell Brands Details $600M Note Offering and 2027 Note Redemption

According to the filing, Newell Brands Inc. (NASDAQ:NWL) issued $600,000,000 of 6.250% senior notes due 2031 on August 19, 2026, under an Indenture entered into with U.S. Bank Trust Company, National Association. The company disclosed that the offering was conducted in a transaction exempt from the registration requirements of the Securities Act of 1933 and all applicable state securities laws.

The filing states that the company intends to use the net proceeds to redeem in full its outstanding 6.375% senior notes due 2027. According to the filing, on August 18, 2026, the company issued a supplemental notice to holders of those 2027 Notes announcing a redemption price of 101.530%, equal to $1,015.30 per $1,000 aggregate principal amount, plus accrued and unpaid interest to, but not including, the redemption date of August 20, 2026. Remaining proceeds are intended to pay related fees and expenses and to repay a portion of amounts outstanding under its five-year asset-based revolving credit facility dated July 30, 2026.

The Indenture, the company disclosed, includes covenants that limit the ability of Newell Brands and its subsidiaries to incur or guarantee additional debt, create or permit certain liens, consummate certain asset sales, make certain loans and investments, consolidate or merge, and pay distributions on or redeem the company's capital stock, subject in each case to qualifications and exceptions. The filing also notes that certain covenants terminate if the Notes receive investment grade credit ratings. Events of default under the Indenture include nonpayment of principal or interest, failure to pay certain other indebtedness, certain bankruptcy or insolvency events, and failure to pay certain final judgments, subject to customary grace and cure periods.

What Was Disclosed

Newell Brands reported the issuance of $600,000,000 in 6.250% senior notes due 2031, the intended redemption of its 2027 notes at 101.530% of par, and the creation of a direct financial obligation under Item 2.03, with the Indenture and form of notes filed as exhibits.