Newell Brands Inc 8-K/A, filed Feb 12, 2024
Newell Brands Inc. (NWL)
About this 8-K/A
Newell Brands Inc filed this 8-K/A on February 12, 2024, reporting on events of February 7, 2024.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 9, 2024 (
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Explanatory Note
This Amendment to the Current Report on Form 8-K for Newell Brands Inc. (the “Company”), filed with the Securities and Exchange Commission on February 9, 2024 (the “Original Form 8-K”), is being filed to correct a typographical error in the third paragraph of the disclosure under Item 1.01 of the Original Form 8-K.
| Item 1.01. | Entry into a Material Definitive Agreement. |
The third paragraph of the disclosure under this Item of the Original Form 8-K is deleted and replaced in its entirety with the following:
The Total Net Leverage Ratio is defined as the ratio of (a) Consolidated Net Debt as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on or most recently prior to such date. The maximum Total Net Leverage Ratio will be set at (i) 7.50:1.00 for the fiscal quarters ending March 31, 2024 through and including the fiscal quarter ending September 30, 2024, (ii) 7.25:1.00 for the fiscal quarters ending December 31, 2024 through and including the fiscal quarter ending June 30, 2025, (iii) 6.50:1.00 for the fiscal quarters ending September 30, 2025 through and including the fiscal quarter ending June 30, 2026, and (iv) 5.25:1.00 for the fiscal quarter ending September 30, 2026 and for each fiscal quarter ending thereafter during the term of the Revolving Credit Agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NEWELL BRANDS INC. | ||||||||
| Dated: February 12, 2024 | By: | /s/ Bradford R. Turner |
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| Bradford R. Turner | ||||||||
| Chief Legal & Administrative Officer | ||||||||
| and Corporate Secretary | ||||||||