Newell Rubbermaid Completes Revolving Credit Facility

Published on Wednesday, 07 December 2011 08:07 Written by TradersHuddle Staff

ATLANTA-( Business Wire )-

Newell Rubbermaid (NYSE: NWL) today announced the closing of a new five-year $800 million syndicated revolving credit facility. This facility replaces a $665 million syndicated revolving credit facility that was scheduled to mature in November 2012.

Michael Polk, President and Chief Executive Officer, commented, “This enhanced credit facility reflects our solid financial position and improved balance sheet, further bolstering our financial flexibility and demonstrating our continued ability to access capital at attractive terms.”

JPMorgan Chase Bank acted as Administrative Agent for the new facility. J.P. Morgan Securities, LLC, Barclays Capital, Citigroup Global Markets and RBC Capital Markets served as Joint Lead Arrangers and Joint Bookrunners.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2010 sales of approximately $5.7 billion and a strong portfolio of leading brands, including Rubbermaid^®, Sharpie^®, Graco^®, Calphalon^®, Irwin^®, Lenox^®, Levolor^®, Paper Mate^®, Dymo^®, Waterman^®, Parker^®, Goody^®, Rubbermaid Commercial Products^® and Aprica^®.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

NWL-CO

Newell RubbermaidNancy O’Donnell, +1-770-418-7723Vice President, Investor RelationsorDavid Doolittle, +1-770-418-7519Vice President, Corporate Communications