CONAGRA BRANDS INC. (CAG): debt financing — Conagra extends $300M BofA term loan to Oct 2025 and adds $200M Mizuho loan

CONAGRA BRANDS INC.

Extended $300M unsecured Bank of America term loan to Oct 29, 2025; interest at Term SOFR+0.875% or Base Rate.
New $200M unsecured term loan from Mizuho Bank, also due Oct 29, 2025; same interest rate structure.
Mizuho loan includes financial covenants: max net leverage ratio and min interest coverage ratio.
Loans are unsecured; total $500M in short-term debt extended/added with no prepayment penalty.
Proceeds for general corporate purposes; voluntary prepayment permitted without premium or penalty.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONAGRA BRANDS INC. incurred term loan of $200.0 million with Mizuho Bank, Ltd. at Term SOFR, plus 0.875% per annum maturing October 29, 2025.

Instrument: term loan
Principal: $200.0 million
Counterparty: Mizuho Bank, Ltd.
Rate: Term SOFR, plus 0.875% per annum
Maturity: October 29, 2025
Event: incurrence

Exact text from the filing

On April 29, 2025, Conagra Brands, Inc. (the “Company”) entered into a Term Loan Agreement (the “Mizuho Term Loan Agreement”) with Mizuho Bank, Ltd. (“Mizuho”), as administrative agent and a lender, and the other lenders (if any) party thereto, providing for term loans to the Company in an aggregate principal amount of $200.0 million.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONAGRA BRANDS INC. amended term loan of $300.0 million with Bank of America, N.A. at Term SOFR, plus 0.875% per annum maturing October 29, 2025.

Instrument: term loan
Principal: $300.0 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR, plus 0.875% per annum
Maturity: October 29, 2025
Event: amendment

Exact text from the filing

The Bank of America Term Loan Amendment extends the maturity date of the outstanding term loan (the “Bank of America Term Loan”) in the aggregate principal amount of $300.0 million, which is unsecured, to October 29, 2025.

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114 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0000023217-25-000019

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