General Mills has acquired Blue Buffalo Pet Products in an $8 billion deal.
Blue Buffalo produces dog and cat food.
Part of the financing for acquisition came from a $6.05 billion notes offering by General Mills.
The offering consisted of $850 million floating rate notes, $400 million floating rate notes, $600 million 3.2% notes, $850 million 3.7% notes, $800 million 4% notes, $1.4 billion 4.2% notes, $500 million 4.55% notes and $650 million 4.7% notes.
The underwriters were led by Goldman Sachs, Barclays, BofA Merrill Lynch, Citigroup Global Markets, Deutsche Bank Securities and Morgan Stanley.
Goldman Sachs acted as financial adviser for General Mills and JP Morgan Securities and Centerview Partners acted for Blue Buffalo on the acquisition.
The deal is expected to close by the end of General Mills' FY 2018.
Kurt Stumpo - Journalist
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