Posts Tagged ‘ Fortune Brands Innovations Inc. ’

Fortune Brands Registers Public Offering of $600 Million

Jun 8th, 2023

Fortune Brands Innovations Inc. announced a registered public offering this week of $600 million in aggregate principal amount of 5.875% senior unsecured notes set to mature in 2033. According to officials, the weighted-average interest rate will be approximately 4.5%, net of interest rate hedges established in late 2021 in anticipation of the offering. In August […]

Fortune Brands Completes Separation of MasterBrand

Dec 19th, 2022

Fortune Brands Innovations Inc. has successfully completed the previously announced spin-off of its cabinets business, MasterBrand Inc. The separation creates two independent, publicly-traded companies. The company’s previously announced name change to Fortune Brands Innovations Inc. and stock ticker change to FBIN is also effective. “Since we announced the intent to separate, our teams have been […]