McCormick & Company Inc. (NYSE: MKC), a global leader in flavor, today announced that it has launched an underwritten public offering of $500 million of its common stock non-voting. In connection with the Offering, McCormick intends to grant the underwriters an option for 30 days to purchase up to $75 million of additional shares of its Common Stock Non-Voting.

McCormick intends to use the net proceeds of the Offering to fund, in part, the purchase price of the previously announced pending acquisition (the "Acquisition") of Reckitt Benckiser's Food Division ("RB Foods"). McCormick expects to fund the balance of the purchase price and pay related fees and expenses with the net proceeds from additional debt financing, including a senior unsecured notes offering and borrowing under an unsecured term loan facility, and to the extent all or a portion of the net proceeds from the Offering and/or the notes offering are not available, an unsecured bridge loan facility, as well as cash on hand. The Offering is not contingent on the closing of the Acquisition or any debt financing. If for any reason the Acquisition does not close, McCormick intends to use the net proceeds from the Offering for general corporate purposes, which may include the financing of future acquisitions and the repayment of existing indebtedness.

BofA Merrill Lynch, Credit Suisse, SunTrust Robinson Humphrey and Wells Fargo Securities are acting as joint book-running managers for the Offering.

About McCormick

McCormick & Company, Incorporated is a global leader in flavor. With $4.4 billion in annual sales, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry – retail outlets, food manufacturers and foodservice businesses. Every day, no matter where or what you eat, you can enjoy food flavored by McCormick. McCormick Brings the Joy of Flavor to Life™.