General Mills, Inc. agreed to sell €1.7 billion in aggregate principal amount of junior subordinated notes due 2056, comprising €1.0 billion Series A notes and €0.7 billion Series B notes.
Key takeaways
The Company agreed to sell €1,000,000,000 aggregate principal amount of its 4.750% Series A fixed-to-fixed reset rate junior subordinated notes due 2056.
The Company agreed to sell €700,000,000 aggregate principal amount of its 5.250% Series B fixed-to-fixed reset rate junior subordinated notes due 2056.
The Notes will be issued pursuant to an Indenture dated February 1, 1996 between the Company and U.S. Bank Trust Company, National Association, as Trustee.
The sale of the Notes is expected to close on April 16, 2026, subject to customary closing conditions.
The offer and sale of the Notes have been registered under the Securities Act of 1933 by Registration Statement on Form S-3 (No. 333-283277).