Newell Rubbermaid Completes $500 Million Notes Offering
ATLANTA--(BUSINESS WIRE)-- Newell Rubbermaid (NWL) today announced that it has completed its previously announced public offering of $500 million of notes, consisting of $250 million of 2.000% notes due 2015 and $250 million of 4.000% notes due 2022.
The company will 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 acted as joint book-running managers for the offering.
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
Vice President, Investor Relations
David Doolittle, +1-770-418-7519
Vice President, Corporate Communications
Source: Newell RubbermaidCopyright Business Wire 2012