Simpson Thacher Represents Wm. Wrigley Jr. in Debt Refinancing
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 $2.1 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 one of the the world’s largest manufacturers and marketers of gum and a leader in the non-chocolate confections category.