General Mills to sell fixed-rate notes via four bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Oct. 10 – General Mills Inc. intends to price an offering of fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will have a make-whole call until some months before the maturity date followed by a par call and will include a change-of-control put at 101.

Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are the joint bookrunning managers.

U.S. Bank Trust Co., NA is the trustee.

Faegre Drinker Biddle & Reath LLP is counsel to the issuer. Davis Polk & Wardwell LLP is counsel to the underwriters.

Proceeds will be used to repay the company’s floating-rate notes due Oct. 17, 2023 and for general corporate purposes.

The maker of consumer food products is based in Minneapolis.

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