General Mills $1 billion notes offering
The investment-grade notes are due 2033
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by General Mills, Inc., consisting of $1 billion of its 4.950% notes due 2033.
Headquartered in Minneapolis, Minnesota, General Mills is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and standing for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie’s, Wanchai Ferry and Yoki. General Mills generated fiscal 2022 net sales of $19 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled $1.1 billion
The Davis Polk capital markets team included partner John B. Meade and counsel Jennifer Ying Lan. The tax team included partner Mario J. Verdolini. All members of the Davis Polk team are based in the New York office.