Loan & DebtJul 28, 2026, 02:01 PM
Conagra Brands Issues $500M 5.400% Senior Notes Due 2031
AI Summary
Conagra Brands, Inc. completed a public offering of $500 million aggregate principal amount of its 5.400% Senior Notes due 2031. The Notes were issued under an existing indenture, supplemented by a fourth supplemental indenture, and are senior unsecured obligations of the company. Interest payments will commence on February 1, 2027, and the Notes will mature on August 1, 2031. The company retains the option to redeem the Notes early and is required to offer repurchase upon a change of control triggering event.
Key Highlights
- Conagra Brands completed a public offering of $500,000,000 aggregate principal amount of Senior Notes.
- The Notes bear an interest rate of 5.400% per year, with payments beginning February 1, 2027.
- The Notes will mature on August 1, 2031.
- The Company may redeem some or all of the Notes prior to maturity.
- Upon a "Change of Control Triggering Event," the Company must offer to repurchase Notes at 101% of principal.
- The Notes are senior unsecured obligations, ranking equally with other senior unsecured debt.
Price Impact
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