The J. M. Smucker Company
The J. M. Smucker Company Enters into New Credit Agreements
Summary
On March 7, 2025, The J. M. Smucker Company entered into a Term Loan Credit Agreement providing for a $650.0 million term credit facility to partially repay its Senior Notes due March 15, 2025, and a Revolving Credit Agreement providing for a $2.0 billion revolving credit facility to refinance existing indebtedness and for general corporate purposes. Both agreements mature in 2027 and 2030 respectively and include customary covenants and events of default.
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Exhibits (2)
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About The J. M. Smucker Company
The J. M. Smucker Company is a prominent consumer goods entity, primarily known for its production and marketing of food and beverage products. It serves a fundamental role in the packaged foods industry, offering a diverse array of products, including fruit spreads, coffee, peanut butter, pet foods, and snacks. Some of its most renowned brands include Smucker's, Jif, Folgers, and Milk-Bone, which cater to various consumer needs across North America and other markets. Since its founding in 1897, the company has maintained a strong commitment to quality and innovation, continually adapting to changing consumer preferences and expanding its product portfolio through strategic acquisitions and brand extensions. The market significance of The J. M. Smucker Company lies in its widespread brand recognition, longstanding presence, and its ability to influence consumer buying patterns in grocery stores and other retail settings. Moreover, its strategic focus on sustainability and responsible sourcing addresses the growing consumer demand for environmentally friendly and ethically produced food products.
Official SEC Documents
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