Simpson Thacher represented Wm. Wrigley Jr. Company in connection with the issuance of $3.0 billion aggregate principal amount of senior unsecured notes and the completion of a senior unsecured credit facility consisting of a $2,150.0 million term loan and a $500.0 million revolving credit facility. Wrigley used the proceeds from the senior unsecured notes offering and the term loan, together with cash on hand, to repay existing indebtedness, including amounts outstanding under its existing credit facility.
Wm. Wrigley Jr. Company is the world’s largest manufacturer and marketer of gum and a leader in the non-chocolate confections category. Wrigley operates as a subsidiary of Mars, Incorporated, a family-owned company that produces some of the world’s leading confectionery, food and petcare products.
The Simpson Thacher team included Jen Hobbs, Andy Veit and Taylor Smith (Credit); Jon Pall (Collateral); Ken Wallach, Frank Kwok, Adam Weiner and Kara Sharkey (Capital Markets); Jonathan Cantor and Jodi Sackel (Tax); Michael Isby (Environmental); Samantha Himelman (Intellectual Property); and Brian Robbins and Patricia Adams (Executive Compensation and Employee Benefits).
