General Mills Prices $1.5B Senior Notes Offering
Ticker: GIS · Form: 8-K · Filed: 2024-09-17T00:00:00.000Z
Sentiment: neutral
Topics: debt-offering, financing, notes
Related Tickers: GIS
TL;DR
General Mills just raised $1.5B in debt across multiple note maturities.
AI Summary
On September 12, 2024, General Mills, Inc. announced the pricing of its senior unsecured notes, totaling $1.5 billion. The notes are due in various years, including 2025, 2026, 2027, 2029, 2030, and 2034, with interest rates ranging from 0.125% to 3.850%. This offering is part of the company's ongoing financing activities.
Why It Matters
This debt issuance provides General Mills with capital for its operations and strategic initiatives, impacting its financial leverage and future investment capacity.
Risk Assessment
Risk Level: low — This filing is a routine debt issuance announcement with no immediate negative implications for the company.
Key Numbers
- $1.5B — Senior Notes Offering (Total principal amount raised by General Mills.)
- 0.125% — Lowest Interest Rate (Rate for notes maturing in 2025.)
- 3.850% — Highest Interest Rate (Rate for notes maturing in 2034.)
Key Players & Entities
- General Mills, Inc. (company) — Registrant
- $1.5 billion (dollar_amount) — Total principal amount of senior unsecured notes
- September 12, 2024 (date) — Date of earliest event reported
- 0.125% (dollar_amount) — Interest rate for notes due 2025
- 3.850% (dollar_amount) — Interest rate for notes due 2034
FAQ
What is the total principal amount of the senior unsecured notes General Mills priced?
General Mills priced its senior unsecured notes totaling $1.5 billion.
On what date did General Mills announce the pricing of these notes?
The earliest event reported, the pricing of the notes, occurred on September 12, 2024.
What are the maturity dates for the notes issued by General Mills?
The notes are due in various years, including 2025, 2026, 2027, 2029, 2030, and 2034.
What is the lowest interest rate associated with this note offering?
The lowest interest rate is 0.125% for the notes due in 2025.
What is the highest interest rate for the notes issued by General Mills?
The highest interest rate is 3.850% for the notes due in 2034.
From the Filing
0001193125-24-220459.txt : 20240917 0001193125-24-220459.hdr.sgml : 20240917 20240917145832 ACCESSION NUMBER: 0001193125-24-220459 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240912 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240917 DATE AS OF CHANGE: 20240917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC CENTRAL INDEX KEY: 0000040704 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 410274440 STATE OF INCORPORATION: DE FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01185 FILM NUMBER: 241303703 BUSINESS ADDRESS: STREET 1: NUMBER ONE GENERAL MILLS BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55426 BUSINESS PHONE: (763) 764-7600 MAIL ADDRESS: STREET 1: P O BOX 1113 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 8-K 1 d804768d8k.htm 8-K 8-K GENERAL MILLS INC false 0000040704 0000040704 2024-09-12 2024-09-12 0000040704 us-gaap:CommonStockMember 2024-09-12 2024-09-12 0000040704 gis:M0.125NotesDue2025Member 2024-09-12 2024-09-12 0000040704 gis:M0.450NotesDue2026Member 2024-09-12 2024-09-12 0000040704 gis:M1.500NotesDue2027Member 2024-09-12 2024-09-12 0000040704 gis:M3.907NotesDue2029Member 2024-09-12 2024-09-12 0000040704 gis:M3.650NotesDue2030Member 2024-09-12 2024-09-12 0000040704 gis:M3.850NotesDue2034Member 2024-09-12 2024-09-12     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 12, 2024     General Mills, Inc. (Exact name of Registrant as Specified in Its Charter)       Delaware   001-01185   41-0274440 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) Number One General Mills Boulevard Minneapolis , Minnesota     55426 (Address of Principal Executive Offices)     (Zip Code) Registrant’s Telephone Number, Including Area Code: (763) 764-7600 Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $.10 par value   GIS   New York Stock Exchange 0.125% Notes due 2025   GIS 25A   New York Stock Exchange 0.450% Notes due 2026   GIS 26   New York Stock Exchange 1.500% Notes due 2027   GIS 27   New York Stock Exchange 3.907% Notes due 2029   GIS 29   New York Stock Exchange 3.650% Notes due 2030   GIS 30A   New York Stock Exchange 3.850% Notes due 2034   GIS 34   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registra