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Spectrum Brands Holdings to redeem all 7¾% senior notes on Jan. 30
By Sarah Lizee
Olympia, Wash., Jan. 23 – Spectrum Brands Holdings, Inc. will redeem all of its outstanding 7¾% senior notes due 2022 on Jan. 30, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed at 101.938% of par plus accrued interest to the redemption date. Interest will be $3.23 per $1,000 principal amount.
As previously reported, the company issued a conditional call for the notes on Dec. 31, conditioned on, among other things, the sale of Spectrum’s global battery, lighting and portable power business.
Spectrum is a Middleton, Wis.-based consumer products company.
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