The high-yield notes are due 2029

Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A / Regulation S offering by Chobani Holdco II, LLC of $650 million aggregate principal amount of its 8.750% / 9.500% senior PIK toggle notes due 2029.

Chobani is a next-generation food and beverage company that strives to deliver consistent, profitable growth by making high-quality, nutritious and delicious food accessible to all while positively impacting communities and the world. Chobani is a leader in the U.S. yogurt category, with a growing presence in the coffee creamer, oat milk and ready-to-drink coffee categories.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Judah Bareli and Jeffrey S. Ramsay and associates Kerim K. Aksoy, Kimberly Hickey and Saloni Pant. The tax team included partner Kara L. Mungovan and associate Yueyu Yang. Counsel David A. Zilberberg provided environmental advice. Partner Frank J. Azzopardi provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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