General Mills (GIS +0.4%) sold $1B worth of bonds in its first benchmark offering in over a...

|By:, SA News Editor

General Mills (GIS +0.4%) sold $1B worth of bonds in its first benchmark offering in over a year. The large offering size still leaves the company with a strong balance sheet, but adds risk that it won't be able to finance a major acquisition through more debt issuance, according to credit analysts.