By Andrea Heisinger
New York, June 26 - Campbell Soup Co. priced $300 million 3.375% five-year notes Friday to yield Treasuries plus 87.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (A2/A/A) priced at 99.944 to yield 3.386% with a make-whole call at Treasuries plus 15 bps.
Bookrunners were J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc. and UBS Investment Bank.
Proceeds will go to repay commercial paper borrowings and for general corporate purposes.
The food products company is based in Camden, N.J.
| Issuer: | Campbell Soup Co.
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | Aug. 15, 2014
|
| Bookrunners: | J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., UBS Investment Bank
|
| Coupon: | 3.375%
|
| Price: | 99.944
|
| Yield: | 3.386%
|
| Spread: | Treasuries plus 87.5 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
| Trade date: | June 26
|
| Settlement date: | July 1
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
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