Newell Brands commences $300M outstanding debt tender offer

• Newell Brands (NASDAQ:NWL) launched a debt tender offer to purchase for cash up to the maximum tender amount in principal amount of the company's outstanding securities.
• The maximum tender amount is an aggregate principal amount equal to $300M; offer intended to reduce the amount and cost of the company's outstanding indebtedness.
• Newell expects to fund the offer with available cash on hand.
• Offer expiry at the end of Dec.9, 2020.