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Mars to repay outstanding borrowings with new notes offering
By Taylor Fox
Chicago, July 13 – Mars Inc. intends to use the proceeds from a private offering of senior notes for general corporate puposes, possibly including the repayment of its outstanding borrowings under its multicurrency revolving credit facility and/or its outstanding term loans, according to a news release.
The notes will be guaranteed on a joint and several basis by WM. Wrigley Jr. Co. and New Uno Holdings Corp. Mars is a McLean, Va.-based global privately held manufacturer of confectionary products, pet food and animal-care services.
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