Newell Brands Announces Early Results of Its Tender Offer

Nachrichtenquelle: Business Wire (engl.)
25.11.2020, 13:30  |  134   |   |   

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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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 …

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