Newell Rubbermaid Inc. : Newell Rubbermaid Prices $500 Million Notes Offering
06/11/2012| 05:30pm US/Eastern
Newell Rubbermaid (NYSE: NWL) today announced that it has priced a
registered underwritten public offering of $500 million of notes,
consisting of $250 million of notes due 2015 and $250 million of notes
The notes due 2015 will pay interest semi-annually on June 15 and
December 15, commencing December 15, 2012, at a rate of 2.000% per year
and will mature on June 15, 2015.
The notes due 2022 will pay interest semi-annually on June 15 and
December 15, commencing December 15, 2012, at a rate of 4.000% per year
and will mature on June 15, 2022.
The offering is expected to close on June 14, 2012. The company plans to
use the net proceeds to redeem all its outstanding 5¼% Convertible
Quarterly Income Preferred Securities, having an aggregate liquidation
preference of $421.2 million, to reduce borrowings under its commercial
paper program, to reduce amounts outstanding under its receivables
financing facility and for general corporate purposes.
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 Rubbermaid's effective shelf
registration statement. Copies of the prospectus supplement and
accompanying prospectus may be obtained by visiting the SEC's website at www.sec.gov
or by contacting J.P. Morgan Securities LLC at 383 Madison Ave., New
York, NY 10179, Attn: Investment Grade Syndicate Desk (or at
212-834-4533) or RBC Capital Markets, LLC at Three World Financial
Center, 200 Vesey Street, New York, NY 10281, Attn: Debt Capital Markets
(or at 866-375-6829).
About Newell Rubbermaid
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of
consumer and commercial products with sales of approximately $5.9
billion and a strong portfolio of brands, including Rubbermaid®,
Levolor®, Goody®, Sharpie®, Paper Mate®, Calphalon®, Waterman®, Parker®,
Irwin ®, Lenox®, Dymo®, Graco®, and Aprica®.
This press release and additional information about Newell Rubbermaid
are available on the company's Web site, www.newellrubbermaid.com.
Nancy O'Donnell, +1-770-418-7723
President, Investor Relations
Vice President, Corporate Communications
© Business Wire 2012