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J. M. Smucker grosses $647.6 million from debt offering


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J. M. Smucker grosses $647.6 million from debt offering

The J. M. Smucker Company raised gross proceeds of $647.6 million from an offering of 4.25% senior unsecured notes due March 15, 2035.

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.