Davis Polk advised J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers and representatives of the underwriters on the SEC-registered registered offering by The J. M. Smucker Company of $750 million of its 3.500% notes due 2021, its first public debt offering. The notes were guaranteed on a senior unsecured basis by two of Smucker’s wholly owned domestic subsidiaries, J.M. Smucker LLC and The Folgers Coffee Company. In connection with the offering, the trustee, on behalf of the noteholders, entered into a joinder agreement to Smucker’s existing intercreditor agreement among the lenders and noteholders of Smucker’s other guaranteed debt.

Davis Polk advised Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead managers for General Electric Capital Corporation (GE Capital) in connection with an SEC-registered debt shelf takedown offering by GE Capital of $1.25 billion of its 3.35% senior unsecured global medium-term notes, series A due 2016 and of $1.75 billion of its 4.65% senior unsecured global medium-term notes, series A due 2021, under its U.S. Medium-Term Notes Program.