Smucker to purchase $300M senior notes; prorates 2.125% notes at 69.9%

J M SMUCKER Co

Accepted $122.5M of 2.750% notes due 2041 (Priority 1) and $138.8M of 3.550% notes due 2050 (Priority 2).
Accepted $194.1M tendered of 2.125% notes due 2032 (Priority 3) prorated at ~69.9% to stay within $300M cap.
Did not accept any of the 4.375% notes due 2045 or 5.900% notes due 2028.
Total consideration per $1,000: $700.18 (2041), $730.52 (2050), $833.04 (2032), includes $30 early tender premium.
Early settlement on Dec 19, 2024; no final settlement date as early tenders exceeded the Offer Cap.

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