secwatch.observer — SEC 8-K summary
======================================

Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001193125-23-256165
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker prices $3.5B multi-tranche notes offering to fund Hostess Brands acquisition
--------------------------------------------------------------------------------

- $750M 5.9% Notes due 2028, $1B 6.2% Notes due 2033, $750M 6.5% Notes due 2043, $1B 6.5% Notes due 2053.
- Offering priced at 99.956%, 99.935%, 99.077%, 99.288% of par; closing expected Oct 25, 2023.
- Net proceeds ~$3.46B after underwriting discount; to fund Hostess Brands cash consideration, refinancing, and fees.
- Underwriting agreement with BofA Securities and J.P. Morgan; customary representations and indemnification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000119312523256165/0001193125-23-256165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000119312523256165/d569971d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-256165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer