NWL Announced Exchange Offers for 5% Senior Notes Due 2023
OREANDA-NEWS. Newell Brands (NYSE: NWL) today announced that it has commenced offers to exchange (the “Exchange Offers”) up to:
- €271,851,000 aggregate principal amount of its 3¾% Senior Notes due 2021 (ISIN XS1389996882) (the “Exchange Euro Notes”), which have been registered under the Securities Act of 1933 (the “Securities Act”), for an equivalent principal amount of its outstanding, unregistered 3¾% Senior Notes due 2021 (ISINs XS1388994896 and XS1388994540) (the “Original Euro Notes”); and
- $295,122,000 aggregate principal amount of its 5% Senior Notes due 2023 (CUSIP No. 651229BA3; ISIN US651229BA36) (the “Exchange Dollar Notes” and, together with the Exchange Euro Notes, the “Exchange Notes”), which have also been registered under the Securities Act, for an equivalent principal amount of its outstanding, unregistered 5% Senior Notes due 2023 (CUSIP Nos. 651229AZ9 and U6415RAA1; ISINs US651229AZ95 and USU6415RAA15) (the “Original Dollar Notes” and, together with the Original Euro Notes, the “Original Notes”).
The Original Notes were issued in private offerings on April 20, 2016 in exchange for certain outstanding senior notes originally issued byJarden Corporation (“Jarden”). The terms of the Exchange Notes will be substantially identical to the terms of the Original Notes, except that the Exchange Notes will be registered under the Securities Act and will not be subject to transfer restrictions, registration rights and certain rights to additional interest currently applicable to the Original Notes. The Exchange Notes will also bear different CUSIP and ISIN numbers from the Original Notes.
The terms and conditions of the Exchange Offers are set forth in the (a) prospectus relating to the Exchange Offers (the “Prospectus”) and (b) related letter of transmittal (the “Letter of Transmittal”), if applicable. The Exchange Offers will expire at 11:59 p.m., New York City time, on October 25, 2016, or a later date and time to which Newell Brands extends it (the “Expiration Date”). Except in the limited circumstances described in the Prospectus, any and all Original Notes that are validly tendered in the Exchange Offers and not validly withdrawn prior to the Expiration Date will be accepted for exchange.
This press release is for informational purposes only and is not an offer to purchase any Original Notes or sell any Exchange Notes or a solicitation of an offer to sell any Original Notes or purchase any Exchange Notes. The Exchange Offers are being made only pursuant to the Prospectus and the Letter of Transmittal, if applicable, that have been filed with the Securities and Exchange Commission (the “SEC”) as part of Newell Brands’ Registration Statement on Form S-4 (File No. 333-213675) (the “Registration Statement”). The Registration Statement was declared effective by the SEC on September 23, 2016.
D.F. King & Co., Inc. has been appointed as exchange agent for the Exchange Offers. Questions and requests for assistance and requests for additional copies of the Prospectus or the Letter of Transmittal, if applicable, should be directed to the exchange agent addressed as follows:
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