Issuer: |
General Mills, Inc. | ||
Size: |
$750,000,000 | ||
Maturity: |
March 17, 2015 | ||
Coupon: |
5.200% | ||
Price to Public: |
99.774% | ||
Yield to maturity: |
5.239% | ||
Spread to Benchmark Treasury: |
+240 basis points | ||
Benchmark Treasury: |
UST 4.000% due February 15, 2015 | ||
Benchmark Treasury Yield: |
2.839% | ||
Interest Payment Dates: |
March 17 and September 17, commencing September 17, 2008 | ||
Day Count Convention: |
30/360 | ||
Redemption Provisions: |
|||
Make-whole
call: |
At any time at a discount rate of U.S. Treasury plus 40 basis points | ||
Change of Control Offer to Purchase: |
If a change of control triggering event occurs, unless General Mills has exercised its right to redeem the notes, it will be required to make an offer to purchase the notes at a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any, to the date of repurchase. | ||
Pricing: |
March 12, 2008 | ||
Settlement: |
March 17, 2008 | ||
Use of Proceeds: |
To repay a portion of outstanding commercial paper. | ||
Denominations: |
$2,000 and integral multiples of $1,000 in excess thereof | ||
CUSIP/ISIN: |
370334 BF0/US370334BF06 | ||
Ratings: |
Baa1/BBB+/BBB+ | ||
Joint Book-Running Managers: |
Credit Suisse Securities (USA) LLC |
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J.P. Morgan Securities Inc. |
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Morgan Stanley & Co. Incorporated |