We advised the arrangers and the agent on the financing

Davis Polk advised the joint lead arrangers, joint bookrunners and the administrative agent in connection with an $800 million term loan facility provided to the J. M. Smucker Company in connection with its planned acquisition of Hostess Brands.

The J. M. Smucker Company is a leading consumer packaged goods company with a diverse product portfolio that includes brands such as Folgers, Café Bustelo, Jif, Smucker’s Uncrustables, Meow Mix and Milk-Bone.

Hostess Brands is a leading sweet snacks company focused on developing, manufacturing, marketing, selling and distributing snacks in North America primarily under the Hostess and Voortman brands.

The Davis Polk finance team included partner Jason Kyrwood, counsel Darren Mahone and associate Jaynie Doe. The capital markets team included partner Derek Dostal. Counsel Will Schisa provided financial institutions advice. The environmental team included counsel Loyti Cheng. Counsel Joseph S. Brown provided executive compensation advice. Partner Mario Verdolini provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.