debt
confidence high
sentiment neutral
materiality 0.55
McCormick issues $500M of 4.150% Notes due 2029 to refinance near-term maturity
MCCORMICK & CO INC
- Issued $500M aggregate principal of 4.150% Notes due February 15, 2029; closed on Feb 5, 2026.
- Net proceeds to redeem a portion of outstanding $500M 0.90% Notes due February 15, 2026.
- Notes are unsecured senior obligations, ranking equally with other unsecured unsubordinated debt.
- Interest payable semi-annually on Feb 15 and Aug 15, beginning Aug 15, 2026; callable at any time.
- Underwriters: BofA Securities, Truist Securities, and Wells Fargo Securities.