NEWELL BRANDS INC. 8-KCurrent Reports (8-K / ad hoc)

Business

Item 1.01. Entry into a Material Definitive Agreement. On July 30, 2026 (the “Closing Date”), Newell Brands Inc. (the “Company”), Newell Brands Ireland Services DAC (the “Subsidiary Borrower”), and certain of its subsidiaries, as subsidiary guarantors, entered into a five-year asset-based revolving credit facility (the “ABL Credit Facility”) with a syndicate of banks (the “Lenders”) led by JPMorgan Chase Bank, N.A., as administrative agent, pursuant to an ABL credit agreement governing the ABL Credit Facility (the “ABL Credit Agreement”). The ABL Credit Agreement provides for the ABL Credit Facility in the amount of up to $800.0 million, subject to a borrowing base comprised of, without limitation, qualified cash, accounts receivable, inventory, equipment and certain intellectual property. The ABL Credit Agreement also includes an uncommitted accordion feature whereby the Company can request certain lenders to increase commitments under the ABL Credit Facility by an aggregate amount not to exceed $500.0 million, subject to certain conditions. Borrowings under the ABL Credit Agreement may be used for working capital needs and other general corporate purposes, including, on the Closing Date, the refinancing, refunding and replacement of the Company’s existing revolving facility outstanding under that certain credit agreement, dated as of August 31, 2022 (as amended, supplemented or otherwise modified from time to time, the “Existing Credit Agreement”) among the Company, certain of the Company’s subsidiaries, as subsidiary borrowers, certain of its subsidiaries, as subsidiary guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and lenders party thereto. On the Closing Date, the Company incurred $490.0 million of borrowings and used $490.0 million of such borrowings under the ABL Credit Agreement to repay borrowings under and refinance, refund and replace the Existing Credit Agreement. Capitalized terms used herein shall have the meanings in the ABL Credit Agreement. The ABL Credit Agreement provides for Availability in an amount equal to (a) the lesser of (i) the Total Commitments then in effect (which was $800.0 million on the Closing Date) and (ii) the Borrowing Base (the “Line Cap”) minus (b) the aggregate amount of the Revolving Extensions of Credit of the Lenders then outstanding. The ABL Credit Facility matures on the earl