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McCormick & Co. grosses $749.9 million from debt offering

McCormick & Co. Inc. raised gross proceeds of $749.9 million from an offering of 2.7% senior unsecured notes due Aug. 15, 2022.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, and acquisitions or investments.

BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Merrill Lynch Pierce Fenner & Smith Inc., SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC were the lead underwriters.

Citigroup Global Markets Inc., Citizens Capital Markets Inc., HSBC Securities (USA) Inc., ING Financial Markets LLC and Mizuho Securities USA LLC also served as underwriters for the offering.