Newell Brands’ $500 Million Notes Offering


Jones Day represented Newell Brands Inc., while Simpson Thacher & Bartlett represented the underwriters in the offering.

Newell Brands (NASDAQ: NWL) closed the public offering of $500 million aggregate principal amount of 4.875% notes due 2025.

Newell Brands intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of outstanding borrowings under its senior unsecured revolving credit facility and accounts receivable securitization facility, as well as the repayment of near-term public debt at contractual maturities and other uses.

J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Barclays Capital Inc., and BofA Securities, Inc. acted as underwriters for the offering.

Newell Brands is a global marketer of consumer and commercial products that make life better every day for consumers, where they live, learn, work and play.

The Jones Day team advising Newell Brands was led by Joel May (Picture).

Simpson Thacher advised the underwriters with a team including John C. Ericson, Mark Brod, Paulo Cardoso, Ki Hoon Kim and Deul Lim (Capital Markets); Drew Purcell (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Jennie Getsin (FINRA and Blue Sky); and Lori Lesser and Bobbie Burrows (IP).

Involved fees earner: Paulo Fernando de Menezes Cardoso – Cleary Gottlieb Steen & Hamilton; Joel May – Jones Day; Mark Brod – Simpson Thacher & Bartlett; Bobbie Burrows – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Ki Hoon Kim – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Deul Lim – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett;

Law Firms: Cleary Gottlieb Steen & Hamilton; Jones Day; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Capital ; Credit Suisse Securities (USA) LLC; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Newell Brands Inc.;

Author: Ambrogio Visconti