Newell Brands enters USD 800 million asset-based revolving credit facility led by JPMorgan Chase

Reuters2026/07/31 20:11

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Newell Brands entered a five-year asset-based revolving credit facility of up to USD 800 million on July 30, 2026.
Facility includes an uncommitted accordion option of up to USD 500 million, subject to lender approval and conditions.
Drew USD 490 million at closing to repay and replace its existing revolving facility under the August 31, 2022 credit agreement.
Matures July 30, 2031, subject to an earlier springing maturity tied to USD 125 million or more of other debt nearing maturity.
Pricing set off SOFR or alternate base rate plus a margin of 1.5%-2% for SOFR loans, based on availability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newell Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-328583), on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Newell Brands enters USD 800 million asset-based revolving credit facility led by JPMorgan Chase

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