Newell Brands renews receivables purchase facility, sets USD 75 million limit
NWL•Newell Brands renewed its receivables purchase agreement, extended its scheduled termination date to Oct. 1, 2027, and reset the limit on outstanding factored receivables to USD 75 million.
1. Facility terms
The renewed agreement is with Jarden Receivables, LLC, purchasers, group agents and Royal Bank of Canada. It increases concentration limits across obligor groups, expanding availability, and shifts the debt-rating definition to corporate ratings, with Level 3 triggered at BB/Ba2 or below.
