debt
confidence high
sentiment neutral
materiality 0.60
Conagra Brands closes $1B dual-tranche senior notes offering
CONAGRA BRANDS INC.
- $500M of 5.000% Senior Notes due 2030 and $500M of 5.750% Senior Notes due 2035 issued.
- Notes are senior unsecured, ranking equally with other senior unsecured debt.
- Redeemable at any time prior to maturity at specified redemption prices.
- Change of control triggering event requires repurchase at 101% of principal.
- Underwriting led by BofA Securities, Goldman Sachs, and Mizuho Securities.
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