Spectrum Brands to sell $300 million 10-year senior notes on Tuesday

By Cristal Cody

Tupelo, Miss., Sept. 10 – Spectrum Brands Inc. plans to price $300 million of 10-year senior notes in Rule 144A and Regulation S deal on Tuesday, according to a market source.

Credit Suisse Securities (USA) LLC is the left bookrunner. Joint bookrunners are RBC Capital Markets, LLC, Barclays, BMO Capital Markets Corp., BofA Securities Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC.

The notes will be guaranteed by Spectrum Brands’ direct parent company, SB/RH Holdings, LLC, and existing and future domestic subsidiaries.

Proceeds will be used working capital and other general corporate purposes.

Spectrum Brands is a subsidiary of Spectrum Brands Holdings, Inc., a consumer products company based in Madison, Wis.

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