Newell Brands Inc. extended the expiration date of its upsized cash tender offers to purchase up to $1.63 billion of its outstanding securities to midnight Jan. 4, 2019, in light of the closing of executive departments and agencies of the U.S. federal government, including the Securities and Exchange Commission.

The company also adjusted its final settlement date to Jan. 8, 2019, according to a Dec. 26 news release.

The Hoboken, N.J.-based household goods company released the early results and pricing terms of the tender offers Dec. 19. As of Dec. 25, 5 p.m., ET, no additional securities have been tendered in the tender offers.

On Dec. 26, the early settlement date, the company paid for $252.1 million of its 3.150% notes due 2021, $1.08 billion of its 5.500% notes due 2046, $208.9 million of its 3.900% notes due 2025 and $80.2 million of its 5.375% notes due 2036, which had been validly tendered and not properly withdrawn at or prior to Dec. 18.

Holders of the 2021 notes who validly tender after Dec. 18 but before or at the expiration date, will only receive the total consideration minus $50. Since the waterfall offer was fully subscribed as of the early tender date, the company does not expect to accept for purchase any waterfall notes tendered after Dec. 18.

Newell Brands said it expects to fund the tender offers with cash on hand and the proceeds from divestitures under its Accelerated Transformation Plan, including the divestitures of the Pure Fishing Inc. and Jostens Inc. businesses.

Goldman Sachs & Co. LLC is the lead dealer manager and RBC Capital Markets LLC and Wells Fargo Securities LLC are acting as co-dealer managers. Global Bondholder Services Corp. is acting as the information and tender agent.