We advised the dealer managers on the tender offers

Davis Polk advised the dealer managers in connection with offers by General Mills, Inc. to purchase for cash up to $750 million aggregate principal amount of its outstanding 3.000% senior notes due 2051, 4.150% senior notes due 2043, 4.700% senior notes due 2048, 2.250% senior notes due 2031, 4.550% senior notes due 2038, 2.875% senior notes due 2030 and 5.400% senior notes due 2040.

General Mills makes food the world loves. The Company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry and more. General Mills generated fiscal 2026 net sales of $18 billion. In addition, General Mills’ share of non-consolidated joint venture net sales totaled $1 billion.

The Davis Polk capital markets team included partner John B. Meade and associate Megan P. Phansalkar. The tax team included partner Michael Mollerus and associates Fred (Chen) Fu and Danielle D. Grazette. All members of the Davis Polk team are based in the New York office.