Hogan Lovells law firm has advised McCormick & Company on an aggregate of United States $1bn of new debt issuances.
A debt issue refers to a financial obligation that allows the issuer to raise funds by promising to repay the lender at a certain point in the future and in accordance with the terms of the contract.
A debt issue is a fixed corporate or government obligation such as a bond or debenture.
McCormick is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavouring products to retail outlets, food manufacturers, and foodservice businesses.
The Hogan Lovells team advising McCormick was led by capital markets partners Alex Bahn and Eve Howard, tax partner Scott Lilienthal, capital markets senior associate Phillip Schuster, corporate associate Sarah Branch, and tax senior associate Caitlin Piper.
McCormick, which manufactures, markets and distributes spices, seasoning mixes, condiments and other flavourful products to the entire food industry, offered and sold $500 million USD aggregate principal amount of 0.900% notes due 2026, and $500 million USD aggregate principal amount of 1.850% notes due 2031.
The Hogan Lovells United States capital markets team regularly advises clients on complex and high-value offerings of debt, equity, and hybrid securities. Our issuer clients include some of the most recognisable corporate names in America.
We are able to structure and execute capital markets transactions in order to maximise client goals, including developing innovative transactional structures.