Spectrum Brands Announces Intention to Offer Senior Notes

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Go back to Spectrum Brands Announces Intention to Offer Senior Notes

Spectrum Brands (SPB) Prices 5.41M Common Offering at $92.50/Share

May 14, 2015 6:08 AM EDT

Spectrum Brands (NYSE: SPB) has priced its previously-announced underwritten public offering of $500.0 million in shares of its common stock. The Company priced 5,405,405 shares at a price to the public of $92.50 per share.

The Company has granted the underwriters an option for 30 days to purchase up to $75.0 million in additional shares, or 810,811 shares. If this option is exercised in full by the underwriters, the total offering... More