Fortune Brands to offer fixed-rate senior notes via three bookrunners

By Mary-Katherine Stinson

Lexington, Ky., June 6 – Fortune Brands Innovations, Inc. intends to price a single tranche of dollar-denominated senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The fixed-rate notes will have a make-whole call option until some months before maturity followed by a par call option. Noteholders will be able to exercise a change-of-control put at 101 if there is a triggering event.

BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint bookrunners for the offering.

Wilmington Trust, NA is the trustee.

Citibank, NA is the securities agent.

Norton Rose Fulbright US LLP will act as legal counsel for the issuer. Sidley Austin LLP will act as legal counsel for the underwriters.

Proceeds will be used to repay the company’s 4% senior notes due in September 2023 and for general corporate purposes.

The Deerfield, Ill., company, formerly known as Fortune Brands Home & Security, Inc., creates products and services for homeowners, including entry door systems, windows, faucets and locks.

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