Mars Completes $2.5 Billion Rule 144A Notes Offering
07.16.20
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Simpson Thacher represented Mars, Incorporated (“Mars”) in connection with its Rule 144A/Regulation S offering of $2.5 billion of Senior Notes, consisting of $500 million in aggregate principal amount of 0.875% Notes due 2026, $700 million in aggregate principal amount of 1.625% Notes due 2032, $900 million in aggregate principal amount of 2.375% Notes due 2040 and $400 million in aggregate principal amount of 2.45% Notes due 2050. Mars intends to use the proceeds for general corporate purposes, which may include repayment of outstanding indebtedness.
Mars is one of the world’s largest privately-held, family-owned businesses with a history of over 100 years and a global leader in petcare, chocolate, gum and confections.
The Simpson Thacher team included Kenneth Wallach, Sunny Cheong, Ashley Yoon and Joshua Harris (Capital Markets); Jonathan Cantor (Tax); Genevieve Dorment (Intellectual Property); Larry Moss and Pasco J. Struhs (Executive Compensation and Employee Benefits); and Michael Isby (Environmental).