Loan & DebtAug 10, 2026, 11:02 AM
Tyson Foods Offers to Repurchase Up to $1.2B in Notes
AI Summary
Tyson Foods, Inc. announced a cash tender offer to purchase several series of its outstanding notes, with a maximum aggregate purchase price of $1.2 billion. The offer includes specific sub-caps for its 3.550% Senior Notes due 2027 ($800 million) and 5.400% Senior Notes due 2029 ($250 million). The tender offer is set to expire on September 8, 2026, with an early tender deadline of August 21, 2026, and is contingent upon the company's successful completion of a new note offering.
Key Highlights
- Tyson Foods offers to purchase up to $1.2 billion of its outstanding notes.
- A sub-cap of $800 million applies to 3.550% Senior Notes due 2027.
- A sub-cap of $250 million applies to 5.400% Senior Notes due 2029.
- The tender offer expires on September 8, 2026, at 5:00 p.m. NYC time.
- The early tender deadline is August 21, 2026, at 5:00 p.m. NYC time.
- The offers are conditioned on the company receiving net proceeds from a new note offering.
- Accepted notes will be purchased, retired, and cancelled.
Price Impact
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