Chadbourne & Parke LLP represented Beam Inc., the fourth largest premium spirits company in the world, in a $600 million SEC registered notes public offering and sale.
The notes consist of $300 million aggregate principal amount of 1.875% notes due 2017, and $300 million aggregate principal amount of 3.250% notes due 2022. The sale closed on May 21.
Beam will use the proceeds of the sale to finance its acquisition of the Pinnacle Vodka and Calico Jack rum brands from White Rock Distilleries. The addition of a high growth premium vodka to its portfolio complements Beam’s current product lines and enhances its ability to maximize value for shareholders.
Working on the deal for Chadbourne were partners Edward Smith, Charles Hord and William Cavanagh, counsel Kessar Nashat, and associates Thomas Watson and Kevin Prokup.
