debt
confidence high
sentiment neutral
materiality 0.60
Campbell's prices $300 million 8.500% junior subordinated notes due 2057
CAMPBELL'S Co
- Campbell's priced $300,000,000 aggregate principal amount of 8.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due April 5, 2057.
- The notes were issued October 5, 2026 under a base indenture and first supplemental indenture with U.S. Bank Trust Company, National Association as trustee.
- Underwriting Agreement dated October 1, 2026 involved representatives Barclays, BNP Paribas, BofA Securities, Citigroup, J.P. Morgan and UBS.
- The transaction created $300 million in junior subordinated debt maturing in 2057 and was signed by CFO Todd E. Cunfer on October 5, 2026.