Newell Brands (NWL) said late Thursday that it priced $1.25 billion of 8.5% senior unsecured notes due 2028 in an offering upsized from $1 billion.
The company said it plans to use the net proceeds, along with cash on hand, to fully redeem its outstanding 4.2% senior notes due 2026. The offering is expected to close on May 22.
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