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Recent Updates — NWL

August 19, 2026View Source ↗

Newell Brands Inc. issued $600 million of 6.250% senior notes due in 2031 on August 19, 2026. The company intends to use the net proceeds to fully redeem its outstanding 6.375% senior notes due 2027 at a price of 101.530%, pay related fees and expenses, and repay a portion of its five-year asset-based revolving credit facility. The redemption for the 2027 Notes is scheduled for August 20, 2026. Newell Brands Inc. operates in the consumer products industry, manufacturing household goods, tools, and writing instruments.

August 5, 2026View Source ↗

Newell Brands Inc. announced the pricing of a $600 million private offering of 6.250% senior unsecured notes due in 2031 on August 5, 2026. The transaction is expected to close on August 19, 2026, subject to customary conditions. The company intends to utilize the net proceeds to fully redeem its outstanding 6.375% senior notes due in 2027, pay associated fees and expenses, and repay a portion of its five-year asset-based revolving credit facility dated July 30, 2026. This debt refinancing activity is material as it alters the company's capital structure and interest obligations. Newell Brands operates in the consumer goods industry, manufacturing and marketing household products under brands such as Rubbermaid, Sharpie, Graco, Coleman, and Yankee Candle.

July 31, 2026View Source ↗

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.

July 31, 2026View Source ↗

Newell Brands Inc. reported second quarter 2026 earnings on July 31, 2026, with net sales of $2.0 billion, a 3.0% increase year-over-year, and diluted EPS of $0.25. Normalized diluted EPS was $0.42, significantly higher than the prior year's $0.24, driven by gross margin expansion to 40.7% and operating margin improvement to 14.2%. Results included approximately $96 million in pretax IEEPA tariff recoveries. The company raised its full-year 2026 outlook for normalized EPS to $0.73–$0.77 from $0.56–$0.60 and operating cash flow to around $400 million. Subsequent to the quarter, Newell entered into a new $800 million asset-based revolving credit facility maturing in 2031. The company operates as a global consumer goods manufacturer with brands including Rubbermaid, Sharpie, Graco, and Coleman.