debt
confidence high
sentiment neutral
materiality 0.50
McCormick issues $500M 4.700% Notes due 2034, proceeds to repay commercial paper
MCCORMICK & CO INC
- Offering of $500M aggregate principal amount of 4.700% Notes due October 15, 2034.
- Notes are unsecured senior obligations ranking equally with other unsecured debt.
- Net proceeds to repay outstanding commercial paper borrowings and for general corporate purposes.
- Offering closed October 8, 2024; interest payable semi-annually starting April 15, 2025.
- Company may redeem notes prior to maturity at specified redemption price.