CAMPBELL'S Co terminated Old Credit Agreement with JPMorgan Chase Bank, N.A. valued at terminated in connection with the entry into the Credit Agreement described in Item 1.01 above (effective 2024-04-16).
“On April 16, 2024, the Company terminated its Five-Year Credit Agreement, dated September 27, 2021, among the Company, certain of its subsidiaries from time to time party thereto, JPMorgan, as administrative agent, and the other lenders named therein, which established an unsecured, senior revolving credit facility in the aggregate principal amount equal to $1.85 billion (as amended by that certain Amendment No. 1, dated as of April 4, 2023, the "Old Credit Agreement").”
Material Agreements
CAMPBELL'S Co entered into Five-Year Credit Agreement with JPMorgan Chase Bank, N.A. valued at unsecured, senior revolving credit facility, aggregate principal amount equal to $1.85 billion, matu (effective 2024-04-16).
“On April 16, 2024, Campbell Soup Company (the "Company") entered into a Five-Year Credit Agreement with JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent, and the other lenders named therein (the "Credit Agreement").”
M&A Transactions
CAMPBELL'S Co completed an acquisition involving Sovos Brands, Inc. for $23.00 per share in cash (closed 2024-03-12).
“prior to the Effective Time and (iii) any dissenting Sovos Common Stock) was canceled and automatically converted into the right to receive an amount in cash equal to $23.00 per share of Sovos Common Stock, without interest (the “ Merger Consideration ”). In addition, at the Effective Time: · Each restricted share of Sovos Common Stock that was”
Debt Financings
CAMPBELL'S Co incurred term loan of $2 billion with Bank of America, N.A., as administrative agent maturing October 8, 2024.
“on the date hereof, the Company borrowed an aggregate principal amount of $2 billion under the Credit Agreement”
Earnings Releases
CAMPBELL'S Co updated its second-quarter fiscal 2024 ended January 28, 2024 guidance (reaffirmed).
“Campbell Soup Company issued a press release announcing financial results for the quarter ended January 28, 2024, a copy of which is attached as Exhibit 99.1.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.