General Mills announced the pricing terms, expiration and results of its cash tender offers for seven series of its senior notes, which expired at 5:00 p.m. New York City time on October 9, 2026. The company accepted for purchase $196,704,000 of its 3.000% Senior Notes due 2051, $86,471,000 of its 4.150% Senior Notes due 2043, $91,589,000 of its 4.700% Senior Notes due 2048, $290,082,000 of its 2.250% Senior Notes due 2031, and $79,047,000 of its 4.550% Senior Notes due 2038, each at a proration factor of 100.00%. For its 2.875% Senior Notes due 2030, General Mills accepted $185,131,000 of the $361,138,000 tendered, at an approximate proration factor of 51.55%, while none of the $55,731,000 tendered of its 5.400% Senior Notes due 2040 was accepted. Holders whose notes were accepted will also receive an accrued interest payment on October 14, 2026, and notes validly tendered but not accepted will be returned promptly. BofA Securities, Citigroup Global Markets and Morgan Stanley served as dealer managers, with D.F. King & Co. as tender and information agent.
Bank of America Corp
Morgan StanleyGeneral Mills IncGeneral Mills is retiring roughly $929M of senior notes via cash tender offers, a debt-management/liability action.
Citigroup Inc.