The investment-grade notes are due 2035 and 2054

Davis Polk advised the representatives of the underwriters in connection with a $1.15 billion SEC-registered debt offering by Campbell Soup Company, consisting of $800 million of its 4.750% notes due 2035 and $350 million of its 5.250% notes due 2054. Campbell intends to use the net proceeds from the offering to repay certain existing indebtedness and for general corporate purposes.

Campbell is a manufacturer and marketer of high quality, branded food and beverage products. For more than 150 years, Campbell has been connecting people through food they love. Its portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. Campbell is headquartered in Camden, New Jersey.

The Davis Polk capital markets team included partner Marcel Fausten and associate Joyce Kim. The tax team included partner Patrick E. Sigmon and associate Jenna Battaglia. Partner Pritesh P. Shah and associate Austin Fuss provided intellectual property advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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