Mars to repay outstanding borrowings with new notes offering

By Taylor Fox

Chicago, July 13 – Mars Inc. intends to use the proceeds from a private offering of senior notes for general corporate puposes, possibly including the repayment of its outstanding borrowings under its multicurrency revolving credit facility and/or its outstanding term loans, according to a news release.

The notes will be guaranteed on a joint and several basis by WM. Wrigley Jr. Co. and New Uno Holdings Corp. Mars is a McLean, Va.-based global privately held manufacturer of confectionary products, pet food and animal-care services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.