General Mills €1 billion notes offering
The investment-grade notes are due 2030 and 2034
Davis Polk advised the underwriters in connection with a €1 billion SEC-registered offering by General Mills, Inc., consisting of €500 million of its 3.650% notes due 2030 and €500 million of its 3.850% notes due 2034.
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, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2023 net sales of $20.1 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled $1 billion.
The Davis Polk capital markets team included partner John B. Meade, counsel Jennifer Ying Lan and associate Walker Halstad. The tax team included partner Michael Mollerus. All members of the Davis Polk team are based in the New York office.