UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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of the Securities Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On October 2, 2026, Newell Brands Inc. (the “Company”) and Jarden Receivables, LLC, a wholly-owned bankruptcy-remote special purpose entity of the Company (“Jarden Receivables”), renewed the Receivables Purchase Agreement, dated as of October 2, 2023 among Jarden Receivables, as Seller, the Company, as initial Servicer, the persons from time to time party thereto as Purchasers and as Group Agents, and Royal Bank of Canada as Administrative Agent (the “RPA”), and entered into a Second Amendment to such RPA (the “Second Amendment” and, with the RPA, the “Amended RPA”). Capitalized terms herein shall be defined as set forth in the Amended RPA unless otherwise specified herein.
As part of the renewal of the RPA, pursuant to the Second Amendment, among other things:
| 1) | the Scheduled Termination Date was extended to October 1, 2027; |
| 2) | the Facility Limit on factored receivables outstanding was adjusted to $75 million; |
| 3) | the Concentration Limits were increased for all Obligor groups, increasing the relative aggregate amount of Outstanding Balance available for each Obligor group; and |
| 4) | the definition of “Debt Rating” was changed from the senior unsecured debt rating to the corporate rating assigned to the Company by S&P or Moody’s, and the Debt Rating thresholds for the Level 1, Level 2 and Level 3 Ratings Periods were each raised, with Level 1 now requiring a corporate rating higher than BBB- by S&P and higher than Baa3 by Moody’s, Level 2 now requiring BB+ or above by S&P and Ba1 or above by Moody’s, and Level 3 triggered at BB or below by S&P or Ba2 or below by Moody’s. |
The foregoing description of the Amended RPA does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amended RPA, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Second Amendment to Receivables Purchase Agreement, dated as of October 2, 2026, among Jarden Receivables, LLC, Newell Brands Inc., the Purchasers party thereto, the Group Agents party thereto, and the Royal Bank of Canada | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and embedded within the document) | |
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: October 2, 2026 | By: | /s/ Bradford R. Turner | ||||
| Bradford R. Turner | ||||||
| Chief Legal and Administrative Officer and Corporate Secretary | ||||||