Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Campbell Soup Co. > News item |
Campbell Soup to sell fixed-, floating-rate notes in seven parts
By Devika Patel
Knoxville, Tenn., March 12 – Campbell Soup Co. intends to offer notes in seven tranches, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be sold in five fixed-rate tranches and two floating-rate tranches, with one of the floating-rate tranches due in 2020, one of the fixed-rate and one of the floating-rate tranches due in 2021, a fixed-rate tranche due in 2023, a fixed-rate tranche due in 2025, a fixed-rate tranche due in 2028 and a fixed-rate tranche due in 2048.
The fixed-rate portions will have make-whole calls and par calls. The floaters will be non-callable.
Credit Suisse Securities (USA) LLC, Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch and BNP Paribas Securities Corp. are the bookrunners.
Proceeds will be used with borrowings under a new credit agreement to fund the cash consideration of the company's planned merger with Snyder’s-Lance, Inc.
Campbell Soup is a convenience foods company based in Camden, N.J.
© 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.