SEC Info℠ | Home | Search | My Interests | Help | Sign In | Please Sign In | ||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/16/24 Campbell Soup Co. 8-K:1,9 4/16/24 11:949K Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 25K 2: EX-10 Material Contract HTML 659K 6: R1 Document and Entity Information HTML 45K 8: XML IDEA XML File -- Filing Summary XML 12K 11: XML XBRL Instance -- d806817d8k_htm XML 14K 7: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 4: EX-101.LAB XBRL Labels -- cpb-20240416_lab XML 53K 5: EX-101.PRE XBRL Presentations -- cpb-20240416_pre XML 34K 3: EX-101.SCH XBRL Schema -- cpb-20240416 XSD 12K 9: JSON XBRL Instance as JSON Data -- MetaLinks 12± 18K 10: ZIP XBRL Zipped Folder -- 0001193125-24-097732-xbrl Zip 160K
8-K |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of Earliest Event Reported):
CAMPBELL SOUP COMPANY
(Exact name of registrant as specified in its charter)
i New Jersey | i 1-3822 | i 21-0419870 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
i One Campbell Place
i Camden, i New Jersey i 08103-1799
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: i (856) i 342-4800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
i ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
i ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
i ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading |
Name of each exchange | ||
i Capital Stock, par value $.0375 | i CPB | i New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On April 16, 2024, Campbell Soup Company (the “Company”) entered into a Five-Year Credit Agreement with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and the other lenders named therein (the “Credit Agreement”). Subject to the terms and conditions set forth in the Credit Agreement, the lenders have provided the Company with an unsecured, senior revolving credit facility in an aggregate principal amount equal to $1.85 billion, which shall have a maturity date of April 16, 2029 or such later date as extended pursuant to the terms set forth in the Credit Agreement. The Company may increase the credit facility commitments up to an additional $500 million, subject to the satisfaction of certain conditions. Loans under the Credit Agreement will bear interest at the rates specified in the Credit Agreement, which vary based on the type of loan and certain other conditions. The Credit Agreement contains customary covenants, including a financial covenant with respect to a minimum consolidated interest coverage ratio of consolidated adjusted EBITDA to consolidated interest expense of not less than 3.25:1.00, and customary events of default for credit facilities of this type.
The proceeds of the loans under the Credit Agreement may be used for working capital and other general corporate purposes.
The Company and its subsidiaries have relationships with some of the lenders where they provide commercial banking, investment banking, underwriting, trust and other financial advisory services for which they have received (or will receive) customary fees and expenses.
The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Credit Agreement, which is attached as Exhibit 10 and incorporated herein by reference.
Item 1.02. Termination of a Material Definitive Agreement.
On April 16, 2024, the Company terminated its Five-Year Credit Agreement, dated September 27, 2021, among the Company, certain of its subsidiaries from time to time party thereto, JPMorgan, as administrative agent, and the other lenders named therein, which established an unsecured, senior revolving credit facility in the aggregate principal amount equal to $1.85 billion (as amended by that certain Amendment No. 1, dated as of April 4, 2023, the “Old Credit Agreement”). The Old Credit Agreement was terminated in connection with the entry into the Credit Agreement described in Item 1.01 above.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10 | Five-Year Credit Agreement, dated April 16, 2024, by and among Campbell Soup Company, the Eligible Subsidiaries party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders named therein. | |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CAMPBELL SOUP COMPANY | ||
By: | ||
Carrie L. Anderson | ||
Executive Vice President and Chief Financial Officer |
Date: April 16, 2024
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
4/16/29 | ||||
Filed on / For Period end: | 4/16/24 | |||
4/4/23 | ||||
9/27/21 | 8-K | |||
List all Filings |