Fortune brands prices $600 million bond issue

Deerfield, ill.--(business wire)-- #fbin--fortune brands innovations, inc. (nyse: fbin or “fortune brands” or the “company”), an industry-leading home, security and commercial building products company, today announced that on june 6, 2023, it priced a registered public offering of $600 million in aggregate principal amount of 5.875% senior unsecured notes maturing in 2033. the weighted-average interest rate will be approximately 4.5%, net of interest rate hedges that the company put in place in late 2.
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