Newell Rubbermaid (NYSE: NWL) today announced that it intends to offer, subject to market and other conditions, notes due 2017.
The notes will be senior obligations of the company and will rank equally with all of its other unsecured and unsubordinated indebtedness from time to time outstanding. The company intends to use the net proceeds from the offering, together with cash on hand and short-term borrowings, to redeem its 5.50% Notes due April 15, 2013 in the aggregate principal amount of $500 million. The offering is being made under the company's shelf registration statement.
Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by visiting the SEC's website at www.sec.gov or by contacting Barclays Capital Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll free 1-888-603-5847 or by emailing email@example.com, or Citigroup Global Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free 1-800-831-9146 or by emailing firstname.lastname@example.org.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction to any person where such offer or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.About Newell Rubbermaid Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2011 sales of approximately $5.9 billion and a strong portfolio of leading brands, including Rubbermaid ®, Sharpie ®, Graco ®, Calphalon ®, Irwin ®, Lenox ®, Levolor ®, Paper Mate ®, Dymo ®, Waterman ®, Parker ®, Goody ®, Rubbermaid Commercial Products ® and Aprica ®. This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com. All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Newell Rubbermaid's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including any change in or decision not to pursue the proposed transaction, changes in the conditions of the securities markets, particularly the markets for debt securities, and other factors identified in documents filed by Newell Rubbermaid with the Securities and Exchange Commission.