ATLANTA, March 25, 2008 /PRNewswire-FirstCall/ -- Newell Rubbermaid
(NYSE: NWL) today announced the commencement of the public offering of $500
million of its 5.50% Notes due 2013 and $250 million of its 6.25% Notes due
2018 (collectively, the "Notes"). Net proceeds from this offering will be
used to fund announced acquisitions and repay debt, and for general
corporate purposes.
The Notes will be unsecured and unsubordinated obligations of Newell
Rubbermaid and will rank equally with all of Newell Rubbermaid's existing
and future senior unsecured debt.
Barclays Capital, Citi and Goldman, Sachs & Co. are acting as the joint
book-running managers for the public offering of the Notes. Potential
purchasers of the Notes can obtain copies of the prospectus, as
supplemented, related to the Notes by contacting Citigroup Global Markets
Inc., Brooklyn Army Terminal, 140 58th Street, 8th Flr., Brooklyn, New
York, NY 11220, Attn: Prospectus Department, 1-877-858-5407.
This press release is not an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of such Notes in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
The offering of these securities is being made only by means of a base
prospectus (as supplemented and amended from time to time), which is part
of a registration statement that Newell Rubbermaid filed with the SEC
utilizing a "shelf" registration process.
Caution Concerning Forward-Looking Statements
The statements in this press release that are not historical in nature
constitute forward looking statements. These forward-looking statements
relate to information or assumptions about the effects of Project
Acceleration, sales, income/(loss), earnings per share, operating income or
gross margin improvements, capital and other expenditures, cash flow,
dividends, restructuring costs, costs and cost savings, debt ratings, and
management's plans, projections and objectives for future operations and
performance. These statements are accompanied by words such as "expect,"
"project," "will," "believes," "estimate" and similar expressions. Actual
results could differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause actual
results to differ materially from those suggested by the forward-looking
statements include, but are not limited to, our dependence on the strength
of retail economies; competition with other manufacturers and distributors
of consumer products; major retailers' strong bargaining power; changes in
the prices of raw materials; our ability to develop innovative new products
and to develop, maintain and strengthen our end-user brands; our ability to
expeditiously close facilities and move operations while managing foreign
regulations and other impediments; our ability to implement successfully
information technology solutions throughout our organization; our ability
to improve productivity and streamline operations; the risks inherent in
our foreign operations and those factors listed in the company's most
recent annual report on Form 10-K, including Item 1A of such report, filed
with the Securities and Exchange Commission. Changes in such assumptions or
factors could produce significantly different results. The information
contained in this news release is as of the date indicated. The company
assumes no obligation to update any forward-looking statements contained in
this news release as a result of new information or future events or
developments.
About Newell Rubbermaid
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of
consumer and commercial products with sales of over $6 billion and a strong
portfolio of brands, including Rubbermaid(R), Sharpie(R), Graco(R),
Calphalon(R), Irwin(R), Lenox(R), Levolor(R), Paper Mate(R), Dymo(R),
Waterman(R), Parker(R), Goody(R), Bernzomatic(R) and Amerock(R). The
company is headquartered in Atlanta, Ga., and has approximately 22,500
employees worldwide.
This press release and additional information about the company are
available on the company's Web site, http://www.newellrubbermaid.com .
NWL-CO
SOURCE Newell Rubbermaid Inc.
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Related links:
http://www.newellco.com
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CONTACT:
Nancy O'Donnell, Vice President, Investor
Relations, +1-770-407-3994; David Doolittle, Vice President,
Corporate Communications, +1-770-407-3613, both of Newell
Rubbermaid Inc.
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