General Mills Reports Exit Costs, Details Debt Maturities

Ticker: GIS · Form: 8-K · Filed: 2025-05-27T00:00:00.000Z

Sentiment: neutral

Topics: debt, restructuring, disposal

Related Tickers: GIS

TL;DR

General Mills is booking exit costs and has a complex debt schedule maturing over the next decade.

AI Summary

On May 20, 2025, General Mills, Inc. reported costs associated with exit or disposal activities. The filing details various debt instruments, including notes due in 2025, 2026, 2027, 2029, 2030, 2032, and 2034, with interest rates ranging from 0.125% to 3.850%. The company is incorporated in Delaware and headquartered in Minneapolis, MN.

Why It Matters

This filing indicates potential restructuring or divestiture activities by General Mills, which could impact future earnings and operational focus. The detailed debt schedule provides insight into the company's financial obligations.

Risk Assessment

Risk Level: medium — The reporting of exit or disposal costs can signal underlying business challenges or strategic shifts that may carry financial risks.

Key Numbers

Key Players & Entities

FAQ

What specific activities are associated with the 'Cost Associated with Exit or Disposal Activities' reported by General Mills?

The filing does not specify the exact nature of the exit or disposal activities, only that costs are associated with them.

What is the total principal amount of the debt instruments mentioned in the filing?

The filing lists various notes with different maturity dates and interest rates but does not provide the total principal amount for each or in aggregate.

When did the earliest event reported in this 8-K filing occur?

The earliest event reported occurred on May 20, 2025.

In which state is General Mills, Inc. incorporated?

General Mills, Inc. is incorporated in Delaware.

What is the ticker symbol for General Mills, Inc.?

The provided text does not explicitly state the ticker symbol for General Mills, Inc.

From the Filing

0001193125-25-127594.txt : 20250527 0001193125-25-127594.hdr.sgml : 20250527 20250527162941 ACCESSION NUMBER: 0001193125-25-127594 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250520 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20250527 DATE AS OF CHANGE: 20250527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC CENTRAL INDEX KEY: 0000040704 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] ORGANIZATION NAME: 04 Manufacturing EIN: 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: 25988984 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 d908212d8k.htm 8-K 8-K GENERAL MILLS INC false 0000040704 0000040704 2025-05-20 2025-05-20 0000040704 us-gaap:CommonStockMember 2025-05-20 2025-05-20 0000040704 gis:M0.125NotesDue20257Member 2025-05-20 2025-05-20 0000040704 gis:M0.450NotesDue20261Member 2025-05-20 2025-05-20 0000040704 gis:M1.500NotesDue20272Member 2025-05-20 2025-05-20 0000040704 gis:M3.907NotesDue20293Member 2025-05-20 2025-05-20 0000040704 gis:M3.560NotesDue20304Member 2025-05-20 2025-05-20 0000040704 gis:M3.600NotesDue20325Member 2025-05-20 2025-05-20 0000040704 gis:M3.850NotesDue20346Member 2025-05-20 2025-05-20     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): May 20, 2025     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 3.560% Notes due 2030   GIS 30A   New York Stock Exchange 3.600% Notes due 2032   GIS 32   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 growt

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