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Prospect News home > News index > List of issuers G > Headlines for General Mills, Inc. > News item
Published on 10/6/2017 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch applies BBB+ to General Mills notes

Fitch Ratings said it assigned a BBB+ rating to General Mills Inc.'s $500 million senior unsecured bond offering.

The outlook is negative.

The notes rank pari passu with General Mills' existing senior unsecured debt, and will mature in October 2022.

Proceeds will be used to repay the existing $500 million 1.4% senior unsecured bond that will mature on Oct. 20, 2017.

Fitch said it views this transaction as leverage natural.


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