|Bid||0.00 x 4000|
|Ask||0.00 x 1800|
|Day's range||13.86 - 14.24|
|52-week range||13.73 - 26.45|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||8.12|
|Earnings date||27 Oct 2022 - 31 Oct 2022|
|Forward dividend & yield||0.92 (6.62%)|
|Ex-dividend date||30 Aug 2022|
|1y target est||22.20|
When U.S. consumer products company Newell Brands Inc refinanced $1.1 billion worth of bonds earlier this month, it saw its borrowing costs jump by more than half. Newell Brands had seven months left until it had to pay back the principal on these bonds and could have held out in the hopes of a cheaper debt deal. Newell Brands is rated Ba1 by Moody's.
ATLANTA, September 09, 2022--Newell Brands (NASDAQ: NWL) today announced the public offering of $500 million aggregate principal amount of 6.375% notes due 2027 (the "2027 Notes") and $500 million aggregate principal amount of 6.625% notes due 2029 (the "2029 Notes" and, together with the 2027 Notes, the "Notes"). The offering of the Notes is expected to close on September 14, 2022, subject to customary closing conditions.
Newell Brands (NWL) trims its 2022 guidance and lowers its Q3 view to reflect the impacts of inflation, tough macro environment, soft demand and unfavorable currency.