Campbell Soup $2 billion term loan credit facility
We advised the arrangers and the agent on the financing
Davis Polk advised the joint lead arrangers, joint bookrunners and the administrative agent in connection with a $2 billion delayed draw term loan credit facility for Campbell Soup Company. The facility will be used solely to pay a portion of the consideration for the acquisition of Sovos Brands.
Campbell is a manufacturer and marketer of high-quality, branded food and beverage products. For generations, Campbell has provided authentic, flavorful and affordable snacks, soups, simple meals and beverages. Campbell is headquartered in Camden, New Jersey.
The Davis Polk finance team included partner James A. Florack, counsel Benjamin Cheng and associate Jaynie Doe. The tax team included partner Mario J. Verdolini and associate Charles Collier. All members of the Davis Polk team are based in the New York office.