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Article Date: October 2018
Word Count: 150

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.

 


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