secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-263098
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker issues $3.5B in notes to finance Hostess Brands merger and refinance debt
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- Issued $750M 5.900% 2028 Notes, $1B 6.200% 2033 Notes (each matures Nov 15, 2028/2033).
- Also issued $750M 6.500% 2043 Notes and $1B 6.500% 2053 Notes (maturities Nov 15, 2043/2053).
- Net proceeds, plus cash and other debt, will fund Hostess Brands acquisition cash consideration and repayment of Hostess debt.
- Interest on all notes accrues from Oct 25, 2023, payable semiannually on May 15 and Nov 15.
- Indenture contains customary restrictions on liens, asset sales, mergers, and change-of-control repurchase obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000119312523263098/0001193125-23-263098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000119312523263098/d549998d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-263098

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