The company said it entered into an underwriting agreement with BofA Securities, Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC on October 3, 2024 for the sale of $500 million of 4.700% Notes due 2034, and that the offering closed on October 8, 2024.

1. 01

   The company said it entered into an underwriting agreement with BofA Securities, Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC on October 3, 2024 for the sale of $500 million of 4.700% Notes due 2034, and that the offering closed on October 8, 2024.

2. 02

   McCormick said it intends to use the net proceeds from the offering to repay a portion of its outstanding commercial paper borrowings and for general corporate purposes.

3. 03

   The company said the Notes bear interest at 4.700% per annum and mature on October 15, 2034, with interest payable semi-annually in arrears on April 15 and October 15 of each year, beginning on April 15, 2025.

4. 04

   The company said the Notes are unsecured senior obligations that rank equally with its other unsecured and unsubordinated indebtedness, and that upon a change of control it must offer to purchase the Notes at 101% of their principal amount, plus accrued and unpaid interest.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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