The investment-grade debt offering comprises four tranches of notes

麻豆入口 advised several underwriters in connection with an SEC-registered offering of $750 million aggregate principal amount of 5.900% notes due 2028, $1 billion aggregate principal amount of 6.200% notes due 2033, $750 million aggregate principal amount of 6.500% notes due 2043 and $1 billion aggregate principal amount of 6.500% notes due 2053 by The J. M. Smucker Company. The J. M. Smucker Company intends to use the proceeds of the offering to fund a portion of the purchase price for its pending acquisition of Hostess Brands, Inc.

The J. M. Smucker Company is a leading consumer packaged goods company with a diverse product portfolio that includes brands such as Folgers, Dunkin, Caf茅 Bustelo, Jif, Smucker鈥檚 Uncrustables, Smucker鈥檚, Meow Mix and Milk-Bone. Hostess Brands, Inc. is a leading sweet snacks company focused on developing, manufacturing, marketing, selling and distributing snacks in North America primarily under the Hostess and Voortman brands.

The 麻豆入口 capital markets team included partner Derek Dostal and associates Robert MacKenzie and Xuanling Xu. Partner Mario J. Verdolini and associate Nancy B. Regan provided tax advice. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. All members of the 麻豆入口 team are based in the New York office.

Copy link to share post