Newell Makes Tender Offer for Debt
Newell is seeking to retire about $1 billion in total debt using the proceeds from its recent divestitures in two tender offers. It is offering a 3% early tender premium to repurchase all $350 million of its outstanding 2.875% notes due 2019 and another $650 million of three other series of notes. The second group takes the form of a waterfall offer, where it will give first priority to its 3.150% notes due 2021 ($1.0 ... Log in to view full article.