J. M. Smucker cash tender offer
The offer involved five tranches of senior notes
Davis Polk advised the dealer managers in connection with The J. M. Smucker Company’s cash tender offer to purchase up to $300 million aggregate principal amount of its outstanding 2.750% senior notes due 2041, 3.550% senior notes due 2050, 2.125% senior notes due 2032, 4.375% senior notes due 2045 and 5.900% senior notes due 2028.
The J. M. Smucker Company is a leading consumer packaged goods company with a diverse product portfolio that includes brands such as Folgers, Dunkin, Café Bustelo, Jif, Uncrustables, Smucker’s, Hostess, Milk-Bone and Meow Mix.
The Davis Polk capital markets team included partner Derek Dostal and associate Juan Diego Tibaduiza. All members of the Davis Polk team are based in the New York office.