Printer Friendly

NEWELL CO. FILES $500 MILLION DEBT SHELF

 NEWELL CO. FILES $500 MILLION DEBT SHELF
 FREEPORT, Ill., March 6 /PRNewswire/ -- Newell Co. (NYSE: NWL) today


announced that it filed with the Securities and Exchange Commission a shelf registration statement covering its offering of up to $500 million in medium-term notes or other debt securities. The securities may be offered from time to time, in amounts and on terms to be determined at the times of offering. The company may sell the securities to or through underwriters or agents, which may include Merrill Lynch & Co., Chase Securities Inc. and Morgan Stanley & Co. Incorporated, or directly to other purchasers.
 Net proceeds of the contemplated financing will be used to repay outstanding short term and revolving credit debt in an amount up to $150 million and for general corporate purposes. The offering will be made only by means of a prospectus.
 Newell manufactures and markets high volume hardware/housewares, office and industrial products.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet been become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities 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.
 Prospectuses, when available, may be obtained from Merrill Lynch & Co., World Financial Center, North Tower, 10th Floor, New York, NY 10281-1310; Chase Securities Inc., One Chase Manhattan Plaza, New York, NY 10081; and Morgan Stanley & Co. Incorporated, 1221 Avenue of the Americas, New York, NY 10020.
 -0- 3/6/92
 /CONTACT: William T. Alldredge, VP-Finance of Newell, 815-961-2114/
 (NWL) CO: Newell Co. ST: Illinois IN: SU:


CH -- SD001 -- 5991 03/06/92 16:21 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 6, 1992
Words:325
Previous Article:UTILICORP'S PEOPLES NATURAL GAS DIVISION REQUESTS MINNESOTA RATE INCREASE
Next Article:GULFSTREAM IV CLAIMS NEW WORLD DISTANCE RECORD
Topics:


Related Articles
ENSERCH FILES SHELF REGISTRATION STATEMENT
TEXAS UTILITIES $425 MILLION SHELF DEBT RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
FPL FILES SHELF REGISTRATION FOR $500 MILLION OF FIRST MORTGAGE BONDS
SHAWMUT NATIONAL CORPORATION FILES SHELF REGISTRATION TO ISSUE DEBT SECURITIES AND PREFERRED SHARES
NEWELL COMPANY COMMERCIAL PAPER PROGRAM RATED DUFF 1 BY DUFF & PHELPS
DRESSER INDUSTRIES FILES $500 MILLION SHELF REGISTRATION
DCR Reaffirms Newell's Ratings.
Newell & Rubbermaid Ratings Affirmed by Standard & Poor's After Announcement.
NEWELL'S NET DOWN FOR 2001.
Newell Rubbermaid Announces Public Offering of Notes.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters