The J. M. Smucker Company in its $3.5 billion senior notes offering in connection with its acquisition of Hostess Brands

On October 11, 2023, The J. M. Smucker Company priced an underwritten public offering of $3.5 billion of senior notes in connection with its previously announced acquisition of Hostess Brands, Inc.  The offering is expected to close October 25, 2023.  The J. M. Smucker Company expects to use the net proceeds from the offering to partially fund the cash portion of the aggregate consideration payable by it in connection with the acquisition of Hostess Brands, to repay certain outstanding indebtedness of Hostess Brands and its subsidiaries, and to pay related fees, costs and expenses.  BofA Securities, J.P. Morgan Securities, PNC Capital Markets, and RBC Capital Markets are acting as joint book-running managers of the offering.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to The J.M. Smucker Company.