Newell Brands sells $1.25 billion of 8.5% senior notes due 2028 to refinance 2026 debt
Newell Brands issued $1.25 billion of 8.500% senior notes due 2028 on May 22, 2025, in a private offering exempt from SEC registration. The company plans to use the proceeds, with cash on hand, to fully redeem its 4.200% senior notes due 2026 and to pay related fees and expenses, which replaces a lower-rate debt with higher-rate debt.
Key points
- Principal amount: $1,250,000,000 of 8.500% senior notes due 2028
- Proceeds plus cash on hand to redeem in full the 4.200% senior notes due 2026
- Notes are senior unsecured obligations issued under an indenture with U.S. Bank Trust Company, National Association, as trustee
- If a change of control and a ratings downgrade both occur, the company must offer to repurchase the notes at 101% of principal plus accrued interest
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.