We advised the underwriters on the offering

Davis Polk advised the representatives of the underwriters in connection with a $300 million SEC-registered debt offering by The Campbell’s Company, consisting of 8.500% fixed-to-fixed reset rate junior subordinated notes due 2057. Campbell’s intends to use the net proceeds from the offering to repay certain existing indebtedness and for general corporate purposes.

Campbell’s is a manufacturer and marketer of high-quality, branded food and beverage products. For more than 150 years, Campbell’s has been connecting people through food they love. Its portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell’s is headquartered in Camden, New Jersey.

The Davis Polk capital markets team included partner Marcel Fausten and associates Hope Goimarac and Ryan (Yudu) Zang. The tax team included partner Patrick E. Sigmon and associate Jenna Battaglia. Partner Pritesh P. Shah and associate Daniella Martino provided intellectual property advice. Counsel Michael Comstock and associate Timothy J. Sullivan provided environmental advice. All members of the Davis Polk team are based in the New York office.

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