A maker of everyday household goods, Newell Brands sells everything from Sharpie pens and Paper Mate writing instruments to Rubbermaid storage, Yankee Candle home fragrance, Calphalon cookware, Coleman outdoor gear, and Graco baby products — used by families, offices, and businesses across more than 150 countries. It began in 1903 when Edgar Newell took over a bankrupt curtain-rod maker in Ogdensburg, New York, and grew through decades of acquisitions, merging with Rubbermaid in 1999 and later with Jarden in 2016 to become Newell Brands. A fun quirk: the Newell surname traces to Old English words meaning "new hill."
Newell Brands issues $600M of 6.250% senior notes due 2031 to refinance debt
Net proceeds will redeem all outstanding 6.375% senior notes due 2027, pay related fees, and repay part of its asset-based revolving credit facility.
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On August 19, 2026, Newell Brands issued $600,000,000 aggregate principal amount of 6.250% senior notes due 2031.
The 2027 Notes redemption price is 101.530% of principal plus accrued interest, with a redemption date of August 20, 2026.
The notes are senior unsecured obligations with covenants limiting additional debt, liens, asset sales, and other actions, subject to exceptions and investment-grade rating termination.
A change of control triggering a ratings downgrade would require the company to offer to repurchase the notes at 101% of principal plus accrued interest.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Newell Brands prices $600M 6.250% senior notes due 2031 in private offering
The offering is expected to close on August 19, 2026, subject to customary closing conditions.
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On August 5, 2026, Newell Brands launched and priced a private offering of $600 million aggregate principal amount of 6.250% senior unsecured notes due 2031.
Net proceeds will be used to redeem in full its outstanding 6.375% senior notes due 2027, pay related fees and expenses, and repay a portion of its five-year asset-based revolving credit facility dated July 30, 2026.
The redemption of the 2027 notes is conditioned on completion of the offering or an alternative debt financing of at least $500 million on terms acceptable to the company.
The notes are being offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, and are not registered under the Securities Act.
8.01 Other Events · 9.01 Financial Statements and Exhibits
On July 30, 2026, Newell Brands Inc. and its subsidiary Newell Brands Ireland Services DAC entered into a five-year asset-based revolving credit facility (ABL Credit Facility) with lenders led by JPMorgan Chase Bank, N.A. as administrative agent.
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The ABL Credit Facility provides up to $800.0 million in commitments, subject to a borrowing base, with an uncommitted accordion feature allowing up to an additional $500.0 million.
On the closing date, the company borrowed $490.0 million under the new facility and used those proceeds to repay and refinance its existing revolving credit facility under the August 31, 2022 credit agreement.
The ABL Credit Facility matures on July 30, 2031, unless extended, or earlier if certain material indebtedness is outstanding, and includes customary covenants, including a minimum Consolidated Fixed Charge Coverage Ratio of 1.00 to 1.00 during certain periods.
The obligations are guaranteed by certain subsidiaries and secured by a first-priority lien on certain assets of the company and its subsidiaries.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Leadership8-K
Newell Brands stockholders approve 2026 Incentive Plan and elect eight directors at annual meeting
Stockholders elected eight nominees to the Board of Directors for one-year terms: Bridget Ryan Berman, Patrick D. Campbell, James P. Keane, Gerardo I. Lopez, Christopher H. Peterson, Gary H. Pilnick, Stephanie P. Stahl, and Anthony Terry.
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At the May 7, 2026 Annual Meeting, stockholders approved the Newell Brands Inc. 2026 Incentive Plan, an equity- and cash-based incentive plan.
Stockholders ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2026.
Stockholders approved the advisory resolution on named executive officer compensation (Say-On-Pay).
A total of 368,135,426 shares were voted out of 424,927,772 shares outstanding as of the March 12, 2026 record date.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Newell Brands reports Q1 2026 results ahead of expectations and raises full-year outlook
Net sales were $1.5 billion, down 1.1% year-over-year; core sales declined 3.5%.
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Gross margin improved to 33.1% from 32.1%; operating margin rose to 2.2% from 1.3%.
Reported diluted loss per share was $0.08, compared with $0.09 in the prior year period.
Full-year 2026 outlook raised: net sales now flat to 2% (previously -1% to 1%), core sales -1% to 1% (previously -2% to flat), normalized EPS $0.56-$0.60 (previously $0.54-$0.60).
Q2 2026 outlook: net sales and core sales flat to 2%, normalized operating margin 9.6%-10.2%, normalized EPS $0.16-$0.19.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Newell Brands approves 2026 LTIP and bonus program for named executive officers.
On February 9, 2026, the Compensation and Human Capital Committee approved the 2026 Long-Term Incentive Plan (LTIP) for key employees, including named executive officers.
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2026 LTIP awards will be 50% performance-based restricted stock units (PRSUs) and 50% time-based restricted stock units (TRSUs) by value.
PRSUs vest on February 15, 2029 for grants on or before February 28, 2026, or three years from grant date for later grants, subject to performance and continued employment.
TRSUs granted on or before February 28, 2026 vest in one-third increments on the first anniversary, February 15, 2028, and February 15, 2029; later grants vest ratably over three anniversaries.
The Committee also set 2026 bonus performance criteria under the Amended and Restated Management Bonus Plan, with named executive officers eligible for bonuses from 0% to 200% of target based on performance goals.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits