Bacardi Limited $2.6 Billion Notes Offering
Davis Polk advised the bookrunners and representatives of the several initial purchasers in connection with the 144A/Regulation S notes offering by Bacardi Limited of $750 million aggregate principal amount of 4.450% notes due 2025, $800 million aggregate principal amount of 4.700% notes due 2028, $350 million aggregate principal amount of 5.150% notes due 2038 and $700 million aggregate principal amount of 5.300% notes due 2048, guaranteed by Bacardi-Martini B.V., Bacardi Corporation and Bacardi U.S.A., Inc.
Bacardi Limited is the largest privately-held spirits company in the world and is ranked number four among global spirits companies, in each case, based on global sales volume. Headquartered in Bermuda, Bacardi produces, markets and distributes a variety of internationally-recognized spirits through a network of operating subsidiaries. Its brand portfolio includes various super-premium, premium and standard brands of rum, vodka, Scotch whisky, gin, vermouth, cognac, American straight whiskey, tequila and other alcoholic beverages, most of which are sold on a global basis.
The Davis Polk corporate team included partner Derek Dostal and associates Hillary A. Coleman, Gina Y. Chen and Jamie Kurtz. Counsel Ethan R. Goldman and associate Catherine L. Chu provided tax advice. All members of the Davis Polk team are based in the New York office.