Welcome to our dedicated page for Spectrum Brands news (Ticker: SPB), a resource for investors and traders seeking the latest updates and insights on Spectrum Brands stock.
Spectrum Brands Holdings Inc (SPB) is a global leader in consumer essentials spanning home, personal care, and pet care products. This page serves as the definitive source for official company announcements, financial updates, and market developments.
Investors and industry professionals will find timely updates on quarterly earnings, product innovations, strategic partnerships, and corporate governance matters. Our curated collection ensures access to both regulatory filings and analysis-ready news summaries.
Key focus areas include developments in Home & Personal Care appliances, Global Pet Care innovations, and Home & Garden solutions. Content spans operational milestones, sustainability initiatives, and leadership updates impacting SPB's market position.
Bookmark this page for streamlined tracking of Spectrum Brands' performance across its diversified portfolio. Check regularly for verified updates from corporate communications and authorized financial reporting sources.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has declared a quarterly dividend of $0.42 per share on its common stock. This dividend will be paid on June 10, 2021 to stockholders of record as of the close of business on May 20, 2021.
As a leading home-essentials company, Spectrum Brands focuses on delivering innovative products, with fiscal 2020 net sales reaching approximately $4.0 billion. The company offers a broad portfolio of trusted brands across various household categories.
Spectrum Brands Holdings (NYSE: SPB) announced its acquisition of For Life Products, LLC, the maker of Rejuvenate cleaning products, for approximately $300 million. This acquisition aims to strengthen Spectrum's position in the household cleaning market, capitalizing on Rejuvenate's growth. The company anticipates significant revenue and manufacturing synergies, enhancing its product offerings and market penetration. The transaction is set to close in the first half of 2021, pending regulatory review. This strategic move aligns with Spectrum's focus on expanding its portfolio of essential home products.
Spectrum Brands Holdings (NYSE: SPB) announced it will release its fiscal 2021 second quarter financial results on May 7, 2021, prior to market opening. A conference call will follow at 9:00 a.m. ET, hosted by key executives including CEO David Maura and CFO Jeremy Smeltser. Participants can join via phone or access a live webcast on the company’s website. A replay of the call will be available through May 21, 2021. Spectrum Brands is a prominent global supplier of household and personal care products, with a diverse brand portfolio.
Spectrum Brands Holdings (NYSE: SPB) announced the final results of its tender offers for its 6.125% Senior Notes due 2024 and 5.750% Senior Notes due 2025. The 2024 Notes Tender Offer saw $165.5 million validly tendered, with all remaining Notes scheduled for redemption on March 16, 2021. The 2025 Notes Tender Offer was oversubscribed, resulting in the purchase of $550.03 million of 2025 Notes. This press release is not a notice of redemption or an offer to sell securities.
Spectrum Brands Holdings (SPB) announced early results for its tender offers to buy back senior notes. For the 6.125% Senior Notes due 2024, approximately 66.21% of the total were validly tendered by the March 1, 2021 deadline. The amendments will allow for reduced notice periods for redemption and the elimination of many covenants. In the oversubscribed 5.750% Senior Notes due 2025 offer, 58.48% were tendered, leading to a prorated acceptance of $550 million. Final deadlines for both offers remain set for March 15, 2021.
Spectrum Brands Holdings (NYSE: SPB) announced its participation in the Raymond James Institutional Investors Conference on March 3. The presentation will be led by Chairman and CEO David Maura and CFO Jeremy Smeltser at 11:40 a.m. ET. Interested parties can access a live webcast of the presentation via the company’s website, with a replay also available afterward. Spectrum Brands, a member of the Russell 1000 Index, offers a diverse range of consumer products, including home essentials and personal care items, through well-known brands like Kwikset, George Foreman, and IAMS.
Spectrum Brands Holdings, Inc. (NYSE: SPB) announced an increase in the aggregate principal amount of its 5.750% Senior Notes due 2025 offered for purchase from $500 million to $550 million as part of the previously disclosed tender offer from February 16, 2021. All other terms and conditions of the tender offer remain unchanged. Spectrum Brands has engaged RBC Capital Markets as the Dealer Manager. This announcement serves informational purposes only, and holders of the 2025 Notes are encouraged to make independent decisions on tendering their notes.
Spectrum Brands Holdings (NYSE: SPB) announced the sale of $500 million in 3.875% Senior Notes due 2031, increased from a prior offering of $400 million. The offering will close on March 3, 2021, pending customary conditions. The net proceeds are intended for tender offers, related fees, and general corporate purposes, alongside a new $400 million senior secured term loan facility. The Notes are exclusively offered to qualified institutional buyers and non-U.S. persons under specific regulations, with full guarantees from SB/RH Holdings and domestic subsidiaries.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has announced an offering of $400 million in Senior Notes due 2031 through its subsidiary, Spectrum Brands, Inc. The offering is aimed at qualified institutional buyers under Rule 144A and non-U.S. persons outside the U.S. Proceeds will fund a tender offer and related expenses, along with a new $350 million senior secured term loan. The Notes will be guaranteed by SB/RH Holdings and certain subsidiaries. This offering is subject to market conditions and not an offer to sell.
Spectrum Brands Holdings (NYSE: SPB) announced a cash tender offer for its $250 million of 6.125% Senior Notes due 2024 and up to $500 million of 5.750% Senior Notes due 2025. The offers include a consent solicitation to amend the indentures of the 2024 Notes, allowing for reduced notice periods for redemption and eliminating restrictive covenants. The 2024 Notes Tender Offer is set to expire on March 15, 2021, and the 2025 Notes Tender Offer is also scheduled to expire on the same date. The company plans to fund the consideration through incremental term loans and cash on hand.
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