Newell Brands Announces Early Results of Its Tender Offer
Newell Brands Inc. (NASDAQ: NWL) (the “Company” or “Newell Brands”) announced today the early results of its previously announced debt tender offer (the “Offer”) to purchase for cash up to an aggregate principal amount equal to $300,000,000 (the “Maximum Tender Amount”) of the Company’s outstanding securities listed in the table below (collectively, the “Notes”), subject to the Acceptance Priority Levels specified in the table below. According to Global Bondholder Services Corporation, information agent and tender agent for the Offer, as of 5:00 p.m., New York City time, on November 24, 2020 (the "Early Tender Deadline"), Newell Brands had received valid tenders in aggregate principal amount of $509,558,000 from holders of the Notes as set forth in the table below:
|
Title of Security |
Principal
Amount
Outstanding
CUSIP/ISIN
Acceptance
Priority Level
Principal
Amount
Tendered
Tender Offer
Consideration
Early
Tender
Premium(1)
Total
Consideration(2)
3.850% Notes due 2023(3)
$1,393,254,000
CUSIP: 651229 AV8
ISIN: US651229AV81
1
$460,447,000
$1,027.50
$30
$1,057.50
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