Fortune Brands, a producer of hardware products, has raised nearly $1.05 billion in a five-part sale of notes. The $550 million notes sold in the first tranche, carry a coupon rate of 5.375% and are due to mature in 2016, while the $31.68 million notes, sold in the second piece, carry a coupon rate of 8.625% and will mature in 2021.

The $36.28 million notes, sold in the third part, carry a coupon rate of 7.875% and will mature in 2023. The $119.5 million notes will mature in 2013 and the $173.5 million notes are due to mature in 2014. Barclays Capital and JP Morgan Securities were the lead managers for the offering.

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