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EX-10.1 - EX-10.1 - GENERAL MILLS INCa14-13814_1ex10d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  May 23, 2014

 

GENERAL MILLS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

001-01185

 

41-0274440

(State of Incorporation)

 

(Commission

 

(IRS Employer

 

 

File Number)

 

Identification No.)

 

Number One General Mills Boulevard

 

 

Minneapolis, Minnesota

 

55426

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (763) 764-7600

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.01                                           Entry into a Material Definitive Agreement.

 

The information set forth in Item 2.03 of this Report is incorporated by reference herein.

 

Item 1.02                                           Termination of a Material Definitive Agreement.

 

On May 23, 2014, General Mills, Inc. (the “Company”) terminated its Three-Year Credit Agreement, dated as of April 16, 2012, among the Company, the several financial institutions from time to time party to the agreement, and JPMorgan Chase Bank, N.A., as Administrative Agent.  The agreement was terminated in connection with the execution of the credit facility identified in Item 2.03 of this Report.

 

Item 2.03                                           Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

On May 23, 2014, the Company entered into a five-year credit facility with an initial aggregate revolving commitment of $1.0 billion.

 

The terms and conditions of the credit facility are set forth in the Five-Year Credit Agreement, dated as of May 23, 2014 (the “Credit Agreement”), among the Company, the several financial institutions from time to time party to the agreement and JPMorgan Chase Bank, N.A., as Administrative Agent.  The credit facility contains several covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5.  The Credit Agreement is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

 

Item 9.01                                           Financial Statements and Exhibits.

 

(d)                                 Exhibits.

 

10.1

 

Five-Year Credit Agreement, dated as of May 23, 2014, among General Mills, Inc., the several financial institutions from time to time party to the agreement and JPMorgan Chase Bank, N.A., as Administrative Agent.

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date:  May 30, 2014

 

 

GENERAL MILLS, INC.

 

 

 

 

 

By:

/s/ Roderick A. Palmore

 

 

Name: Roderick A. Palmore

 

 

Title: Executive Vice President, General Counsel

 

 

and Secretary

 

EXHIBIT INDEX

 

Exhibit

 

 

Number

 

Description

 

 

 

10.1

 

Five-Year Credit Agreement, dated as of May 23, 2014, among General Mills, Inc., the several financial institutions from time to time party to the agreement and JPMorgan Chase Bank, N.A., as Administrative Agent.

 

2