---
schema_version: "secwatch.filing_event.v1"
accession: "0000048465-25-000015"
form_type: "8-K"
ticker: "HRL"
cik: "0000048465"
company_name: "HORMEL FOODS CORP /DE/"
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:19:52.472038+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Hormel Foods enters $750M revolving credit facility maturing 2030

## Summary
- New $750M unsecured revolving credit facility replaces prior May 2021 facility; includes $375M uncommitted increase option.
- Facility matures March 25, 2030; interest margins based on debt ratings: 0.575-1.160% for eurocurrency loans, 0.0-0.160% for base rate loans.
- Financial covenant requires minimum consolidated interest coverage ratio of 3.50:1.00 at each fiscal quarter end.
- Facility fees range from 0.050% to 0.090% of daily revolving commitment, adjusted by S&P/Moody's ratings.
- Proceeds to refinance existing debt, fund working capital, and general corporate purposes including acquisitions.

## SEC filing metadata
- accession: 0000048465-25-000015
- form_type: 8-K
- ticker: HRL
- cik: 0000048465
- company_name: HORMEL FOODS CORP /DE/
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48465/000004846525000015/0000048465-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48465/000004846525000015/hrl-20250325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000048465-25-000015
- JSON: https://secwatch.observer/filing/0000048465-25-000015.json
- Plain text: https://secwatch.observer/filing/0000048465-25-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.