Chadbourne & Parke represented Beam Inc., one of the world’s leading premium spirits companies, in connection with the sale of US$500 million of notes in an SEC-registered transaction and contemporaneous cash tender offers and redemptions for certain of Beam’s outstanding public debt.
The notes consist of US$250 million aggregate principal amount of 1.750% Notes due 2018, and US$250 million aggregate principal amount of 3.250% Notes due 2023. The sale closed on June 10, 2013.
Beam will use the proceeds from the sale of the new notes to purchase or redeem all of its 6.375% Notes due 2014 and to purchase up to a maximum aggregate principal amount of US$175 million of its 8.625% Debentures due 2021, 7.875% Debentures due 2023, 6.625 Debentures due 2028 and 5.875% Notes due 2036. The tender offers were made pursuant to Offers to Purchase dated May 17, 2013, and are expected to expire on June 14, 2013.
Working on the deal for Chadbourne were partners Edward Smith, Charles Hord and William Cavanagh, counsel Kesser Nashat, and associates Thomas Watson, Coleman Miller, Patrick Dorime and Richard Wright.
