StockWatch
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Packaged Foods
Loan & DebtApr 16, 2026, 11:41 AM

General Mills Establishes Terms for 5.250% Junior Subordinated Notes

AI Summary

General Mills, Inc. has established the terms for a new series of securities, titled "5.250% Series B Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056." These notes will bear an annual interest rate of 5.250% from April 16, 2026, until the first reset date of July 16, 2034, and will mature on July 16, 2056. This action is part of the company's ongoing financial management.

Key Highlights

  • New notes titled "5.250% Series B Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056".
  • Initial annual interest rate of 5.250% from April 16, 2026.
  • Maturity date set for July 16, 2056.
  • First interest reset date is July 16, 2034.