ORRVILLE, Ohio, Sept. 30, 2015 /PRNewswire/ -- The J. M.
Smucker Company (NYSE: SJM) (the "Company") today announced that it
has extended its offer (the "Exchange Offer") to exchange up to
(i) $500,000,000 of its 1.750% Notes due 2018 for an equal
principal amount of its outstanding 1.750% Notes due 2018,
(ii) $500,000,000 of its 2.500% Notes due 2020 for an equal
principal amount of its outstanding 2.500% Notes due 2020,
(iii) $400,000,000 of its 3.000% Notes due 2022 for an equal
principal amount of its outstanding 3.000% Notes due 2022,
(iv) $1,000,000,000 of its 3.500% Notes due 2025 for an equal
principal amount of its outstanding 3.500% Notes due 2025,
(v) $650,000,000 of its 4.250% Notes due 2035 for an equal
principal amount of its outstanding 4.250% Notes due 2035, and
(vi) $600,000,000 of its 4.375% Notes due 2045 for an equal
principal amount of its outstanding 4.375% Notes due 2045.
The Exchange Offer, previously scheduled to expire at 5:00 p.m., New York
City time, on September 29,
2015, will now expire at 5:00
p.m., New York City time,
on October 7, 2015, unless further
extended by the Company. All other terms and conditions of
the Exchange Offer will remain in full force and effect. The
terms and conditions of the Exchange Offer are set forth in the
Prospectus dated August 24, 2015 (the
"Prospectus"), filed with the U.S. Securities and Exchange
Commission, and the related Letter of Transmittal. Questions
relating to the procedure for tendering, as well as requests for
additional copies of the Prospectus and the Letter of Transmittal,
may be directed to the Exchange Agent, U.S. Bank National
Association, Attention: Corporate Actions, 111 Fillmore Avenue,
St. Paul, MN 55107-1402,
Telephone: (800) 934-6802.
As of 5:00 p.m., New York City time, on September 29, 2015, approximately (i)
$500,000,000 in aggregate principal
amount of the 1.750% Notes due 2018, or 100% of the outstanding
notes, (ii) $499,645,000 in aggregate
principal amount of the 2.500% Notes due 2020, or 99.93% of the
outstanding notes, (iii) $400,000,000
in aggregate principal amount of the 3.000% Notes due 2022, or 100%
of the outstanding notes, (iv) $1,000,000,000 in aggregate principal amount of
the 3.500% Notes due 2025, or 100% of the outstanding notes, (v)
$650,000,000 in aggregate principal
amount of the 4.250% Notes due 2035, or 100% of the outstanding
notes, and (vi) $600,000,000 in
aggregate principal amount of the 4.375% Notes due 2045, or 100% of
the outstanding notes, had been validly tendered and not withdrawn
in the Exchange Offer, including by means of guaranteed
delivery.
This press release is neither an offer to purchase, nor a
solicitation for acceptance of an offer to sell, any securities.
The Company is making the Exchange Offer only by, and
pursuant to the terms of, the Prospectus and the related Letter of
Transmittal. The complete terms and conditions of the
Exchange Offer are set forth in the Prospectus and the Letter of
Transmittal. Holders are urged to read these documents
carefully.
About The J. M. Smucker Company
For more than 115
years, The J. M. Smucker Company has been committed to offering
consumers quality products that bring families together to share
memorable meals and moments. Today, Smucker is a leading
marketer and manufacturer of consumer food and beverage products
and pet food and pet snacks in North
America with projected annual net sales of approximately
$8 billion. In consumer foods
and beverages, its brands include Smucker's®,
Folgers®, Jif®, Dunkin'
Donuts®, Crisco®,
Pillsbury®, R.W. Knudsen
Family®, Hungry Jack®, Cafe
Bustelo®, Martha
White®, truRoots®,
Sahale Snacks®, Robin
Hood®, and Bick's®. In pet
food and pet snacks, its brands include Meow Mix®,
Milk-Bone®, Kibbles 'n Bits®, Natural
Balance®, and 9Lives®. The
Company remains rooted in the Basic Beliefs of
Quality, People, Ethics, Growth, and
Independence established by its founder and namesake more
than a century ago.
The J. M. Smucker Company is the owner of all trademarks
referenced herein, except for the following, which are used under
license: Pillsbury® is a trademark of The
Pillsbury Company, LLC, and Dunkin' Donuts® is a
registered trademark of DD IP Holder LLC.
Dunkin' Donuts® brand is licensed to The J. M.
Smucker Company for packaged coffee products sold in retail
channels such as grocery stores, mass merchandisers, club stores,
and drug stores. This information does not pertain to
Dunkin' Donuts® coffee or other products for sale
in Dunkin' Donuts® restaurants.
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SOURCE The J. M. Smucker Company