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J. M. Smucker grosses $999.8 million from debt offering

The J. M. Smucker Company raised gross proceeds of $999.8 million from an offering of 3.50% unsecured unsubordinated notes due 2025.

The company plans to use the proceeds for redemption or repayment of debt securities and acquisitions or investments.

J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. were the lead underwriters.