NEWELL BRANDS INC.

$800m committed across 1 active facility. NWL

Plastics Products, NEC

Recent changes

  1. Jul 31, 2026NEWELL BRANDS INC. signs $800m ABL CREDIT AGREEMENTSEC ↗
Tested springingHeadroom not yet measured1.00x

Springing: During any Financial Covenant Compliance Period.

If, at any time on or after the Closing Date, a Financial Covenant Compliance Period is in effect, permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 (determined as of the end of the fiscal quarter most recently ended... ).
Read the filing on sec.gov ↗

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ABL CREDIT AGREEMENT

Signed Jul 30, 2026

Committed
$800m
Matures
n/a
Agent
JPMorgan Chase Bank, N.A. and J.P. Morgan SE
TrancheSizeMaturesMargin
Revolving credit facility$800mn/a150–200 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level I≥ 66% of the Line Cap150 bpsn/a
Level II<66% but ≥ 33% of the Line Cap175 bpsn/a
Level III<33% of the Line Cap200 bpsn/a
Level fee-1Average Quarterly Availability <50%n/a25 bps
Level fee-2Average Quarterly Availability ≥50%n/a30 bps

Lenders: JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Goldman Sachs Bank USA., Royal Bank of Canada, Wells Fargo Bank, N.A.

No amendments on file yet.

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