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Newell Rubbermaid Prices $550 Million Note Offering

  //house-home.news-articles.net/content/2010/08/0 .. rubbermaid-prices-550-million-note-offering.html
  Published in House and Home on Tuesday, August 3rd 2010 at 2:41 GMT by Market Wire
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ATLANTA--([ BUSINESS WIRE ])--Newell Rubbermaid (NYSE: NWL) today announced that it has priced a registered underwritten public offering of $550 million aggregate principal amount of a new series of senior notes. This offering is part of the companya™s Capital Structure Optimization Plan announced August 2.

The notes will pay interest semi-annually on February 15 and August 15 at a rate of 4.70% per year and will mature on August 15, 2020.

The company plans to use the proceeds from the sale of the notes, together with cash on hand and short-term borrowings, to fund the Accelerated Stock Buyback program and the note tender offer announced August 2 as part of the Capital Structure Optimization Plan.

Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup Capital Markets Inc. are acting as the joint book-running managers of the offering.

The offering was made pursuant to Newell Rubbermaida™s effective shelf registration statement. To obtain a copy of the prospectus supplement and prospectus with respect to the offering, contact Goldman, Sachs & Co. at 200 West Street, New York, New York 10282, or Barclays Capital Inc. at 745 Seventh Avenue, New York, New York 10019 or Citigroup Capital Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2009 sales of approximately $5.6 billion and a strong portfolio of brands, including Rubbermaid^®, Sharpie^®, Graco^®, Calphalon^®, Irwin^®, Lenox^®, Levolor^®, Paper Mate^®, Dymo^®, Waterman^®, Parker^®, Goody^®, Technical Concepts^TM and Aprica^®.

This press release and additional information about Newell Rubbermaid are available on the companya™s Web site, [ www.newellrubbermaid.com ].

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase the notes or any other securities. The offering of the new series of senior notes is being made only by means of a prospectus and related prospectus supplement included as part of a previously effective shelf registration statement. The note tender offer is being made only by means of an offer to purchase and related letter of transmittal.

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 on the current beliefs and expectations of Newell Rubbermaida™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 conditions to, or changes in the timing of, proposed transactions in the companya™s Capital Structure Optimization Plan, level of noteholder participation in the note tender offer, changes in the securities marketsa™ conditions, particularly the market for debt securities, and other factors identified in documents filed by Newell Rubbermaid with the Securities and Exchange Commission.

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