Campbell’s $550 million senior notes offering
We advised the underwriters on the offering
Davis Polk advised the representatives of the underwriters in connection with a $550 million SEC-registered debt offering by The Campbell’s Company, consisting of 4.550% notes due 2031. 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 associate Hope Goimarac. The tax team included partner Patrick E. Sigmon and associate Jenna Battaglia. Partner Pritesh P. Shah 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.