Newell Brands Inc. Announces Bridge Loan Repayment Prior to the Maturity Date
January 03, 2019 at 08:31 am
Share
On December 27, 2018, Newell Brands Inc. repaid its outstanding debt (including accrued interest)(the Bridge Loan Repayment) under that certain loan agreement (as supplemented, amended or modified from time to time, the Bridge Loan Agreement) by and among the Company and Credit Suisse AG, Cayman Islands Branch, as Administrative Agent. The Bridge Loan Repayment was made prior to the maturity date and no prepayment penalties were incurred by the Company. Consequently, the Bridge Loan Agreement terminated on December 27, 2018. Some of the lenders under the Bridge Loan Agreement (and their respective subsidiaries or affiliates) have in the past provided, and may in the future provide, investment banking, underwriting, lending, commercial banking, trust and other advisory services to the Company and its subsidiaries and affiliates. These parties have received, and may in the future receive, customary compensation from the Company and its subsidiaries and affiliates for such services.
Newell Brands Inc. is a global consumer goods company. The Company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The products offered under Home and Commercial Solutions segment includes commercial cleaning and maintenance solutions; closet and garage organization; hygiene systems and material handling solutions; household products, including kitchen appliances; food and home storage products; vacuum sealing products; gourmet cookware, bakeware and cutlery and home fragrance products. The Learning and Development segment offers products in baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based products and labeling solutions. The Outdoor and Recreation segment offers products for outdoor and outdoor-related activities. Its brands include Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Yankee Candle, and Paper Mate, among others.