We advised the underwriters on the notes offering

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by General Mills, Inc., consisting of €1 billion of its 4.750% Series A fixed-to-fixed reset rate junior subordinated notes due 2056 and €700 million of its 5.250% Series B fixed-to-fixed reset rate junior subordinated notes due 2056.

Headquartered in Minneapolis, Minnesota, General Mills 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, Yoplait, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2025 net sales of $19 billion.

The Davis Polk capital markets team included partner John B. Meade, counsel Jennifer (Ying) Lan, and associate Sabrina Rodriguez. The tax team included partner Michael Mollerus and associates Carter Ballentine Allison and Danielle D. Grazette. All members of the Davis Polk team are based in the New York office.