Here are the 424B prospectus supplements from The Campbell's Company (CPB) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow CPB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPB filings page.
The Campbell’s Company (CPB) is offering $300,000,000 aggregate principal amount of 8.500% fixed-to-fixed reset rate junior subordinated notes due 2057. Interest is 8.500% per year from issuance to, but excluding, April 5, 2032; after that, it resets for each five-year period to the Five-Year U.S. Treasury Rate plus 3.511%, with an 8.500% floor. Interest is payable semiannually on April 5 and October 5, beginning April 5, 2027, subject to the company’s right to defer payments.
The company estimates net proceeds of approximately $296 million and intends to use them to repay existing indebtedness, including its 2027 Notes and commercial paper, and for general corporate purposes. The notes rank junior to senior indebtedness and are structurally subordinated to subsidiary liabilities. If no event of default is continuing, the company may defer interest for up to 10 consecutive years per deferral period; deferred interest accrues additional interest. The notes mature April 5, 2057, and will not be listed on a securities exchange.
The Campbell’s Company is conducting a preliminary primary offering of fixed-to-fixed reset rate junior subordinated notes. The company intends to use net proceeds to repay existing indebtedness and for general corporate purposes.