debt
confidence high
sentiment neutral
materiality 0.50
McCormick issues $500M of 4.950% Notes due 2033 to repay commercial paper
MCCORMICK & CO INC
- $500M aggregate principal of 4.950% Notes due April 15, 2033, issued under existing indenture.
- Net proceeds used to repay outstanding commercial paper borrowings.
- Notes are unsecured senior obligations, ranking equally with other unsecured debt.
- Underwriters: BofA Securities, Truist Securities, Wells Fargo Securities; offering closed April 6, 2023.
- Interest paid semi-annually on April 15 and October 15, beginning October 15, 2023.