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Newell Rubbermaid selling $500 million five-year notes Thursday
By Andrea Heisinger
New York, Nov. 29 - Newell Rubbermaid Inc. is selling $500 million of five-year notes on Thursday, an informed source told Prospect News.
The notes (Baa3/BBB-/BBB) feature a change-of-control put at 101%.
Bookrunners are Barclays and Citigroup Global Markets Inc.
Proceeds, together with cash on hand and short-term borrowings, will be used to redeem $500 million of 5.5% notes due 2013.
Newell Rubbermaid last tapped the bond market with a $500 million sale in two maturities on June 11.
The consumer and commercial products maker is based in Atlanta.
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