Mars, Incorporated Announces Pricing of $26 Billion of Senior Notes

MCLEAN, Va., March 5, 2025 /PRNewswire/ -- Mars, Incorporated (the "Company" or "Mars") announced today the pricing of its previously announced private offering of $26.0 billion aggregate principal amount of senior notes, consisting of $2.0 billion in aggregate principal amount of 4.450% Senior Notes due 2027 (the "2027 Notes"), $3.25 billion in aggregate principal amount of 4.600% Senior Notes due 2028 (the "2028 Notes"), $4.5 billion in aggregate principal amount of 4.800% Senior Notes due 2030 (the "2030 Notes"), $2.75 billion in aggregate principal amount of 5.000% Senior Notes due 2032 (the "2032 Notes"), $5.0 billion in aggregate principal amount of 5.200% Senior Notes due 2035 (the "2035 Notes"), $2.75 billion in aggregate principal amount of 5.650% Senior Notes due 2045 (the "2045 Notes"), $4.75 billion in aggregate principal amount of 5.700% Senior Notes due 2055 (the "2055 Notes") and $1.0 billion in aggregate principal amount of 5.800% Senior Notes due 2065 (the "2065 Notes" and, together with the 2027 Notes, the 2028 Notes, the 2030 Notes, the 2032 Notes, the 2035 Notes, the 2045 Notes and the 2055 Notes, the "Notes"). Interest on the 2027 Notes, the 2028 Notes, the 2030 Notes, the 2032 Notes and the 2035 Notes will be payable semi-annually on March 1 and September 1 of each year, beginning on September 1, 2025. Interest on the 2045 Notes, the 2055 Notes and the 2065 Notes will be payable semi-annually on May 1 and November 1 of each year, beginning on November 1, 2025. The 2027 Notes will mature on March 1, 2027. The 2028 Notes will mature on March 1, 2028. The 2030 Notes will mature on March 1, 2030. The 2032 Notes will mature on March 1, 2032. The 2035 Notes will mature on March 1, 2035. The 2045 Notes will mature on May 1, 2045. The 2055 Notes will mature on May 1, 2055. The 2065 Notes will mature on May 1, 2065. The offering is expected to close on or about March 12, 2025 (the "Issue Date"), subject to customary closing conditions.

Read more at prnewswire.com