McCormick & Co., Inc., founded in 1889 and headquartered in Hunt Valley, Maryland, is a leading global provider of spices, seasonings, and flavor solutions for the food industry. The company offers a wide range of products, including culinary herbs and spices, extracts, and sauces, catering to both consumer and commercial markets.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
McCormick began issuing bonds in the early 1990s to finance its growth strategies, with significant issuances typically tied to acquisitions, such as the acquisition of Flavor Solutions in 2017. Recently, McCormick's bonds have been attractive to investors as current yields remain competitive within the food industry. Notably, their 10-year bond issued in 2020 came with a 3.0% coupon rate, reflecting investor confidence despite market fluctuations. As of 2023, McCormick continues to maintain a solid credit rating, signaling strong financial health and stability.