General Mills launches cash tender offers for seven series of senior notes

General Mills, Inc. (NYSE: GIS) announced it has commenced cash tender offers to purchase seven series of its outstanding senior notes, with aggregate tender consideration of up to $750 million, according to a company press release dated October 5, 2026.

The offers cover notes with maturities ranging from 2030 to 2051. The series targeted include the 3.000% Senior Notes due 2051 ($605.2 million outstanding), 4.150% Senior Notes due 2043 ($434.9 million outstanding), 4.700% Senior Notes due 2048 ($446.2 million outstanding), 2.250% Senior Notes due 2031 ($500 million outstanding), 4.550% Senior Notes due 2038 ($282.4 million outstanding), 2.875% Senior Notes due 2030 ($750 million outstanding), and 5.400% Senior Notes due 2040 ($382.5 million outstanding).

Notes will be accepted in order of priority levels one through seven, with the 3.000% Senior Notes due 2051 receiving the highest priority. A $250 million sub-cap applies collectively to the 4.550% Senior Notes due 2038, 2.875% Senior Notes due 2030, and 5.400% Senior Notes due 2040.

The tender consideration for each series will be based on the applicable fixed spread plus a reference yield determined at 3:00 p.m. New York time on October 9, 2026. Holders whose notes are accepted will also receive accrued and unpaid interest through the settlement date, which is expected to be October 14, 2026.

The tender offers expire at 5:00 p.m. New York time on October 9, 2026. BofA Securities, Citigroup Global Markets, and Morgan Stanley are acting as dealer managers for the offers.

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