McCormick in $500 Million Revolving Credit Facility

Cleary Gottlieb represented McCormick & Company Incorporated (McCormick) in a $500 million 364-day revolving credit facility.

The proceeds of the facility will be used for general corporate purposes.

Bank of America served as the administrative agent and a lender. The transaction closed on June 8, 2023.

Founded in 1889, McCormick is a global leader in flavor. With over $6 billion in annual sales across 170 countries and territories, McCormick manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the entire food industry including ecommerce channels, grocery, food manufacturers, and foodservice businesses.