Campbell Soup Company
Campbell Soup Company Announces $1.15 Billion Senior Unsecured Notes Offering
Summary
On September 30, 2024, Campbell Soup Company announced the pricing of an offering of $1.15 billion aggregate principal amount of senior unsecured notes. The notes, consisting of $800 million of 2035 notes bearing interest at a fixed rate of 4.750% per annum and $350 million of 2054 notes bearing interest at a fixed rate of 5.250% per annum, were issued on October 2, 2024. The offering was made pursuant to an Underwriting Agreement and the company's automatic shelf registration statement on Form S-3.
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About Campbell Soup Company
Campbell Soup Company is a leading American food and beverage multinational corporation, primarily known for its canned soups and related products. Established in 1869, Campbell has become a household name with its iconic red and white can, offering a range of soups from classic chicken noodle to innovative, health-focused varieties. Beyond soups, the company has expanded into snacks, beverages, and packaged foods with brands like Pepperidge Farm, V8, and Goldfish, diversifying its product portfolio and enhancing its market presence. Campbell Soup Company operates in the consumer staples sector, impacting industries such as food production and grocery distribution. The company's products are distributed globally, reaching consumers through supermarkets, food-service channels, and online platforms. In the financial market, Campbell Soup Company holds a notable position due to its strong brand recognition and resilient product demand, particularly during economic downturns when consumers gravitate toward essential goods. Its longstanding history, combined with continual product innovation and strategic acquisitions, underscores its role as a consistent player in the food and beverage industry.
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