Business Wire·Oct 9, 2026, 9:41 PM ET

General Mills Announces Pricing Terms, Expiration and Results of Cash Tender Offers for its Senior Notes

General Mills announced pricing terms & results for tender offers to purchase various series of its outstanding debt securities for cash.
The tender offers expired at 5:00 p.m. New York City time on October 9, 2026.
Withdrawal rights for the offers expired on the same date, preventing further withdrawals except where legally required.
D.F. King & Co., Inc. served as the tender & information agent for the transactions.
The 3.000% Senior Notes due 2051, 4.150% Senior Notes due 2043, 4.700% Senior Notes due 2048, 2.250% Senior Notes due 2031, & 4.550% Senior Notes due 2038 were accepted at a 100% proration factor.
The 2.875% Senior Notes due 2030 were accepted at a 51.55% proration factor.
The 5.400% Senior Notes due 2040 had no principal amount accepted for purchase.
Tender consideration was determined at 3:00 p.m. New York City time on October 9, 2026.
All conditions for the accepted notes were satisfied or waived by the expiration date.
Holders of accepted notes will receive accrued interest on October 14, 2026.
Notes validly tendered but not accepted will be returned to holders promptly.
BofA Securities, Citigroup, & Morgan Stanley served as dealer managers for the offers.
General Mills reported fiscal 2026 net sales of $18 billion.