Short answer
Spectrum Brands Holdings, Inc. (SPB) filed an 8-K current report with the SEC on May 4, 2026 reporting Item 8.01 (Other Events). $127M Oaktree investment: $67M convertible preferred equity and $60M first-lien HPC term loan.
Spectrum Brands Holdings, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- $127M Oaktree investment: $67M convertible preferred equity and $60M first-lien HPC term loan
- Preferred dividends accrue at 8.0% compounded quarterly, creating a significant HPC cash-flow obligation
- HPC Term Loan interest: SOFR plus 5.50% or base rate plus 4.50%, recourse limited to HPC
- Oaktree expected to own approximately 27% of HPC after closing around May 11, 2026
- HPC exits Parent’s broader collateral package, advancing Spectrum’s planned business separation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Spectrum Brands Holdings, Inc. 8-K filings
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