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.

Established in 1897 and headquartered in Orrville, Ohio, The J. M. Smucker Company is a leading marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and health and natural foods and beverages in North America. 

The Davis Polk corporate team included partner Richard A. Drucker and associates Sarah Ashfaq and Daniel Borlack. Partner Harry Ballan and associate Juelle Gomes provided tax advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. All members of the Davis Polk team are based in the New York office.