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    SEC Form 8-K filed by General Mills Inc.

    11/21/24 9:01:31 AM ET
    $GIS
    Packaged Foods
    Consumer Staples
    Get the next $GIS alert in real time by email
    8-K
    GENERAL MILLS INC false 0000040704 0000040704 2024-11-21 2024-11-21 0000040704 us-gaap:CommonStockMember 2024-11-21 2024-11-21 0000040704 gis:M0.125NotesDue20254Member 2024-11-21 2024-11-21 0000040704 gis:M0.450NotesDue20261Member 2024-11-21 2024-11-21 0000040704 gis:OnePointFiveZeroZeroPercentNotesDue2027Member 2024-11-21 2024-11-21 0000040704 gis:M3.907NotesDue20292Member 2024-11-21 2024-11-21 0000040704 gis:M3.650NotesDue20303Member 2024-11-21 2024-11-21 0000040704 gis:ThreePointEightFiveZeroPercentNotesDue2034Member 2024-11-21 2024-11-21

     

     

    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): November 21, 2024

     

     

    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
    3.650% Notes due 2030   GIS 30A   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 growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Item 8.01

    Other Events.

    On November 18, 2024, General Mills, Inc. (the “Company”) agreed to sell $750,000,000 aggregate principal amount of its 4.875% Notes due 2030 (the “2030 Notes”) and $750,000,000 aggregate principal amount of its 5.250% Notes due 2035 (the “2035 Notes,” and together with the 2030 Notes, collectively, the “Notes”) pursuant to the Underwriting Agreement, dated November 18, 2024 (the “Underwriting Agreement”), among the Company and Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule II thereto. The Notes will be issued pursuant to that certain Indenture, dated as of February 1, 1996 (as amended, the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as Trustee, and the Officers’ Certificates and Authentication Orders, dated November 21, 2024 (the “Officers’ Certificates”), pursuant to Sections 201, 301 and 303 of the Indenture. The offer and sale of the Notes has been registered under the Securities Act of 1933, as amended, by Registration Statement on Form S-3 (No. 333-283277). The sale of the Notes is expected to close on November 21, 2024, subject to customary closing conditions.

    The purpose of this Current Report is to file with the Securities and Exchange Commission the Underwriting Agreement, the Officers’ Certificates and the opinion of Faegre Drinker Biddle & Reath LLP with respect to the validity of the Notes.

     

    Item 9.01

    Financial Statements and Exhibits.

     

      (d)

    Exhibits.

     

    1    Underwriting Agreement, dated November 18, 2024, among the Company and Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule II thereto.
    4.1    Officers’ Certificate and Authentication Order, dated November 21, 2024 for the 4.875% Notes due 2030 (which includes the form of Note) issued pursuant to the Indenture.
    4.2    Officers’ Certificate and Authentication Order, dated November 21, 2024, for the 5.250% Notes due 2035 (which includes the form of Note) issued pursuant to the Indenture.
    5    Opinion of Faegre Drinker Biddle & Reath LLP.
    104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    Date: November 21, 2024

     

    GENERAL MILLS, INC.
    By:  

    /s/ Kofi A. Bruce

    Name:   Kofi A. Bruce
    Title:   Chief Financial Officer
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