Fortune Brands Issues $900 Million Bond
“Our solid business model and track record of performance have supported strong investment grades from all three rating agencies,” said
The Company intends to use the net proceeds from the notes offering to pay down a portion of its current term loan and for general corporate purposes. The offering closed on
About Fortune Brands
The Company’s growing portfolio of complementary businesses and innovative brands include Moen and the
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements” that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), regarding general business strategies, anticipated future financial performance, and other matters. Statements preceded by, followed by or that otherwise include the words “believes”, “positioned”, “expects”, “estimates”, “plans”, “look to”, “outlook”, “intend”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements, including but not limited to general business and economic conditions, including downward changes in the general economy, the housing market, unfavorable interest rates or other business conditions; our reliance on the North American repair and remodel and new home construction activity levels; our ability to maintain our strong brands and to develop innovative products while maintaining our competitive positions; our reliance on key customers and suppliers; our ability to improve organizational productivity and global supply chain efficiency; our ability to obtain raw materials and finished goods in a timely and cost-effective manner; the impact of global commodity and energy availability and price volatility, as well as the impact of sustained inflation; delays, outages or breaches of our information technology systems and computer networks; the impact of doing business globally, including trade-related tariffs, uncertain trade environments or changes in government and industry regulatory standards, public health emergencies (including viral pandemics such as COVID-19); the impact of disruptions to our operations due to technical or labor difficulties or shortages, transportation-related shortages, supply chain constraints; our ability to attract and retain qualified personnel and other labor constraints; our ability to successfully execute our acquisition strategy and integrate businesses that we have and may acquire; and the other factors discussed in our securities filings, including in Item 1A of our Annual Report on Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20220328005073/en/
INVESTOR CONTACT:
847-484-4573
Investor.Questions@fbhs.com
MEDIA CONTACT:
847-315-0960
Media.Relations@fbhs.com
Source: