Newell Brands Inc.: amends receivables purchase agreement

What happened

• The company reported that on Oct 2, 2026 it and Jarden Receivables, LLC renewed the Receivables Purchase Agreement, dated Oct 2, 2023, and entered into a Second Amendment to that agreement.
• The Amended RPA extended the scheduled termination date to Oct 1, 2027, adjusted the facility limit on factored receivables to $75,000,000, increased the concentration limits for all Obligor groups, and changed the definition and thresholds of “Debt Rating” to refer to the corporate rating assigned by S&P or Moody’s.

Key details

• Scheduled termination date extended to Oct 1, 2027.
• Facility Limit on factored receivables set at $75,000,000.
• Concentration Limits increased for all Obligor groups (increasing the aggregate Outstanding Balance available per group).
• “Debt Rating” now means the Company’s corporate rating by S&P or Moody’s; Level 1 requires above BBB- (S&P) and above Baa3 (Moody’s), Level 2 requires BB+ or above (S&P) and Ba1 or above (Moody’s), Level 3 is BB or below (S&P) or Ba2 or below (Moody’s).

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) describing the renewed and amended Receivables Purchase Agreement, and Item 2.03 (creation of a direct financial obligation) related to the agreement. A filing does not show why the insider traded or why the company acted.