On July 30, 2026, Newell Brands Inc. entered into a five-year asset-based revolving credit facility (ABL Credit Facility) with a syndicate of banks led by JPMorgan Chase Bank, N.A., providing up to $800.0 million in commitments and an uncommitted accordion feature for an additional $500.0 million. The company incurred $490.0 million in borrowings under the new facility to refinance its existing revolving credit agreement dated August 31, 2022. The ABL Credit Facility matures on July 30, 2031 and is secured by a first-priority lien on certain assets of the company and its subsidiaries. Interest rates are based on SOFR or an alternate base rate plus applicable margins ranging from 0.50% to 2.00%. This transaction represents a significant refinancing event for Newell Brands Inc., which operates in the consumer goods industry, manufacturing household products, tools, and writing instruments.
