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AI brief of an SEC Form 8-K · Newell Brands (NWL)

Newell Brands enters $800 million five-year ABL credit facility, replacing 2022 revolver

Neutral Impact 3 of 5 financing Written later

Newell Brands entered a five-year, $800.0 million asset-based revolving credit facility on July 30, 2026, led by JPMorgan Chase Bank, N.A. The company borrowed $490.0 million under the new facility and used it to repay and replace its existing revolver dated August 31, 2022. The filing describes the facility as a routine refinancing with an uncommitted $500.0 million accordion feature, though it carries secured liens and a fixed charge coverage covenant that applies when availability falls below set levels.

Key points

  • Facility size: up to $800.0 million, maturing July 30, 2031, subject to a borrowing base
  • On the Closing Date, Newell borrowed $490.0 million and used it to repay the Existing Credit Agreement dated August 31, 2022
  • Pricing: SOFR-based loans at 1.50% to 2.00% over the benchmark; unused commitment fee of 0.25% to 0.30%
  • Obligations are guaranteed by subsidiaries and secured by a first-priority lien on certain assets

The filing

CompanyNewell Brands (NWL)
Form8-K, current report
Filed with the SECJul 31, 2026, 4:10 PM ET
Accession number0001193125-26-328583

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

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 July 31, 2026.

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.