ATLANTA, March 18, 2016 Newell Rubbermaid (NYSE:NWL) today announced that it has priced a registered underwritten public
offering of $8.0 billion of notes, consisting of $1.0 billion of notes due 2019, $1.0 billion of notes due 2021, $1.75 billion of notes due 2023, $2.0 billion of notes due 2026, $500.0 million of notes due 2036 and $1.75 billion
of notes due 2046. The notes due 2019 will pay interest semi-annually on March
29 and September 29, commencing September 29, 2016, at a rate of 2.600% per year and will mature on March 29, 2019. The notes due 2021 will pay interest semi-annually on April 1 and October 1, commencing October 1,
2016, at a rate of 3.150% per year and will mature on April 1, 2021. The notes due 2023 will pay interest semi-annually on April 1 and October 1, commencing October 1, 2016, at a rate of 3.850% per year and will mature
on April 1, 2023. The notes due 2026 will pay interest semi-annually on April 1 and October 1, commencing October 1, 2016, at a rate of 4.200% per year and will mature on April 1, 2026. The notes due 2036 will pay interest
semi-annually on April 1 and October 1, commencing October 1, 2016, at a rate of 5.375% per year and will mature on April 1, 2036. The notes due 2046 will pay interest semi-annually on April 1 and October 1,
commencing October 1, 2016, at a rate of 5.500% per year and will mature on April 1, 2046.
The offering is expected to close on March 30, 2016. Newell Rubbermaid plans to use the net proceeds of the offering, together with other sources of funds
including its new term loan facility, (1) to finance the cash consideration portion of the merger consideration for its pending acquisition of Jarden Corporation (Jarden), (2) to refinance certain outstanding Jarden debt and
(3) to pay fees and expenses associated with the pending acquisition of Jarden. The notes will be subject to a special mandatory redemption if the Jarden acquisition is not consummated
Goldman, Sachs & Co., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC, and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. The offering was made pursuant to Newell Rubbermaids effective shelf registration statement. Copies of the prospectus
supplement and accompanying prospectus may be obtained by visiting the SECs website at www.sec.gov or by contacting Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282,
1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com, Citigroup Global Markets Inc., 1555 Long Island Avenue, Edgewood, NY 11717, c/o Broadridge Financial Solutions, 1-800-831-9146, email: prospectus@citi.com,
J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk, 1-212-834-4533, or RBC
Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, 1-866-375-6829, fax: 212-658-6137 or email: rbcnyfixedincomeprospectus@rbccm.com, Attn: Transaction Management-Scott Primrose.
About Newell Rubbermaid
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2015 sales of $5.9 billion and a strong portfolio
of leading brands, including Sharpie®, Paper Mate®, Elmers®, Irwin®, Lenox®, Rubbermaid Commercial Products®, Contigo®, Rubbermaid®, Calphalon®,
Goody®, Graco®, Aprica®, Baby Jogger®, Dymo®, Parker® and
Waterman®. As part of the companys Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate
performance. |
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