NEW YORK
,
April 18, 2023
(press release)
–
Mars, Incorporated announces pricing of $2.5 billion bond offering, including senior notes and sustainability notes tranches Mars, Incorporated (the “Company” or “Mars”) announced the pricing of its previously announced offering of $2.5 billion of senior notes, consisting of $1.0 billion in aggregate principal amount of 4.550% Senior Notes due 2028 (the “2028 Notes”), $500 million in aggregate principal amount of 4.650% Senior Notes due 2031 (the “Sustainability Notes”) and $1.0 billion in aggregate principal amount of 4.750% Senior Notes due 2033 (the “2033 Notes” and, together with the 2028 Notes and the Sustainability Notes, the “Notes”). Interest on the Notes will be payable semi-annually on April 20 and October 20 of each year, beginning on October 20, 2023. The 2028 Notes will mature on April 20, 2028. The Sustainability Notes will mature on April 20, 2031. The 2033 Notes will mature on April 20, 2033. The Notes will be guaranteed on a joint and several basis by Wm. Wrigley Jr. Company and New Uno Holdings Corporation. The offering is expected to close on or about April 20, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from the offering of the 2028 Notes and the 2033 Notes for general corporate purposes, which may include the repayment of the Company’s outstanding borrowings under its revolving credit facility. The Company intends to use the net proceeds from the offering of the Sustainability Notes to finance or refinance, in whole or in part, one or more new and/or existing Eligible Projects to address important environmental and social issues. “Eligible Projects” include projects across key areas of Mars sustainability strategy, including: renewable energy; energy efficiency; sustainable water and wastewater management; pollution prevention and control; green buildings; environmentally sustainable management of living natural resources and land use; carbon sequestration; circular economy, adapted products, production technologies and processes; socioeconomic advancement and empowerment; and access to essential financial services. The Notes are being offered in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in the United States only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, or to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication contains “forward-looking statements.” Forward-looking statements generally can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or other similar words. Such forward-looking statements are based on available current market and industry material, experts’ reports and opinions and long-term trends, as well as management’s expectations, beliefs and projections concerning future events impacting it. Mars, Incorporated’s expectations, beliefs and projections are expressed in good faith, and its management believes that they have a reasonable basis to make these statements, but there can be no assurance that management’s expectations, beliefs or projections will be achieved. All forward-looking statements in this presentation apply only as of the date made and are expressly qualified in their entirety by this cautionary statement. Except as otherwise required by law, Mars, Incorporated undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
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