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The J. M. Smucker Company Announces Pricing Of Notes Offering

Stocks in this article: SJM

ORRVILLE, Ohio, Oct. 13, 2011 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced that it has priced a public offering of $750 million principal amount of 3.50% notes due 2021.

The Company intends to use the net proceeds from the offering for the repayment of borrowings outstanding under the Company's revolving credit facility used to fund recent acquisitions, capital expenditures and other working capital requirements, for general corporate purposes, which could include, but are not limited to, repayments of outstanding debt, capital expenditures or working capital, and for funding of possible acquisitions.  The offering is expected to close on October 18, 2011.

J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as joint book-running managers for the offering.  BMO Capital Markets Corp., William Blair & Company, LLC, Fifth Third Securities, Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and SunTrust Robinson Humphrey, Inc. are acting as co-managers.

The public offering is being made pursuant to a base prospectus (as supplemented by a prospectus supplement), which is part of an effective shelf registration statement on file with the U.S. Securities and Exchange Commission.

A copy of the prospectus and prospectus supplement relating to the notes can be obtained from J.P. Morgan Securities LLC at 383 Madison Avenue, 3rd Floor, New York, NY 10179, Attention: High Grade Syndicate Desk, or by calling 1-212-834-4533; or from BofA Merrill Lynch at 100 West 33rd Street, 3rd Floor, New York, NY 10001, Attention: Syndicate Operations, or by calling 1-212-449-1668 or e-mailing dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Company's notes or any other securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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