General Mills launches cash tender offers for up to $750 million of senior notes
GIS•General Mills launched cash tender offers for seven series of senior notes, targeting up to $750 million in purchases, with tenders due Oct. 9 and settlement expected Oct. 14.
1. Tender offer details
The offers cover notes maturing from 2030 to 2051, with pricing set on Oct. 9 based on Treasury yields plus fixed spreads. A $250 million sub-cap applies to the 4.550% Senior Notes due 2038, 2.875% Senior Notes due 2030 and 5.400% Senior Notes due 2040. Tenders are due by 5 p.m. New York time on Oct. 9; settlement is expected on Oct. 14.
