Spectrum Brands today completed a $1.09 billion, two-part senior offering via bookrunners Barclays and Deutsche Bank, according to sources. Terms for both tranches printed at the tight side of guidance, while the total transaction size was increased by $50 million. The deal backs Spectrum Brands’ proposed acquisition of Stanley Black & Decker’s Hardware & Home Improvement Group and will refinance Spectrum Brands’ existing $370 million term loan. Financing for the acquisition also comes from an $800 million covenant-lite term loan, consisting of $700 million and C$100 million tranches. Madison, Wis.-based Spectrum Brands is global consumer-products company. Terms: