Spectrum Brands pricing upsized €425 million 4% 10-year notes

Portland, Ore., Sept. 14 – Spectrum Brands, Inc. announced that the stabilization period for its €425 million issue of 4% senior notes due Oct. 1, 2026 would begin on Wednesday.

The deal is upsized from €375 million.

Deutsche Bank AG London is the stabilization manager.

The stabilization period is expected to end no later than Oct. 14.

Proceeds from the Rule 144A and Regulation S deal, along with borrowings under the company’s revolving credit facility, will be used to fund a cash tender offer for the 6 3/8% senior notes due 2020.

Spectrum Brands is a Middleton, Wis.-based diversified consumer products company.

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