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CG Stocks to watch for! Newell Brands Inc (NWL), Graphic Packaging Holding Company (GPK)

Shares of Newell Brands Inc (NYSE:NWL) ended Monday session in red amid volatile trading. The shares closed down -0.41 points or -0.78% at $52.25 with 2.94 million shares getting traded. Post opening the session at $52.44, the shares hit an intraday low of $52.15 and an intraday high of $53.02 and the price vacillated in this range throughout the day. The company has a market cap of $25.51 billion and the numbers of outstanding shares have been calculated to be 482.20 million shares.

Newell Brands Inc (NWL) announced that it has commenced offers to exchange (the “Exchange Offers”) up to:

€271,851,000 aggregate principal amount of its 3¾% Senior Notes due 2021 (ISIN XS1389996882) (the “Exchange Euro Notes”), which have been registered under the Securities Act of 1933 (the “Securities Act”), for an equivalent principal amount of its outstanding, unregistered 3¾% Senior Notes due 2021 (ISINs XS1388994896 and XS1388994540) (the “Original Euro Notes”); and

$295,122,000 aggregate principal amount of its 5% Senior Notes due 2023 (CUSIP No. 651229BA3; ISIN US651229BA36) (the “Exchange Dollar Notes” and, together with the Exchange Euro Notes, the “Exchange Notes”), which have also been registered under the Securities Act, for an equivalent principal amount of its outstanding, unregistered 5% Senior Notes due 2023 (CUSIP Nos. 651229AZ9 and U6415RAA1; ISINs US651229AZ95 and USU6415RAA15) (the “Original Dollar Notes” and, together with the Original Euro Notes, the “Original Notes”).

The Original Notes were issued in private offerings on April 20, 2016 in exchange for certain outstanding senior notes originally issued by Jarden Corporation (“Jarden”). The terms of the Exchange Notes will be substantially identical to the terms of the Original Notes, except that the Exchange Notes will be registered under the Securities Act and will not be subject to transfer restrictions, registration rights and certain rights to additional interest currently applicable to the Original Notes. The Exchange Notes will also bear different CUSIP and ISIN numbers from the Original Notes.

Shares of Graphic Packaging Holding Company (NYSE:GPK) ended Monday session in red amid volatile trading. The shares closed down -0.20 points or -1.43% at $13.79 with 4.36 million shares getting traded. Post opening the session at $13.83, the shares hit an intraday low of $13.57 and an intraday high of $13.85 and the price vacillated in this range throughout the day. The company has a market cap of $4.52 billion and the numbers of outstanding shares have been calculated to be 319.11 million shares.

Graphic Packaging Holding Company (GPK) provides paper-based packaging solutions to food, beverage, and other consumer products companies. The company operates in three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled board (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets.

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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