Cravath represented the initial purchasers, led by BofA Merrill Lynch, Citigroup, J.P. Morgan Securities, Mizuho Securities and Rabo Securities USA Inc., in connection with the US$3 billion 144A/Reg. S debt offering of Wm. Wrigley Jr. Company, the world’s largest manufacturer and marketer of gum and a leader in the non‑chocolate confections category. The proceeds from the offering were used to repay borrowings from Mars, Incorporated, fees and expenses related to other refinancing transactions and general corporate purposes. The transaction closed on October 21, 2013.
The Cravath team included partner William V. Fogg, senior attorney Daniel A. O’Shea and associate Jean M. Suh on corporate matters; partner J. Leonard Teti II and associate Jason A. Sacks on tax matters; and partner Matthew Morreale on environmental matters. Matthew M. Kelly also worked on corporate matters.
