---
schema_version: "secwatch.filing_event.v1"
accession: "0000091388-26-000060"
form_type: "8-K"
ticker: "SFD"
cik: "0000091388"
company_name: "SMITHFIELD FOODS INC"
filed_at: "2026-10-16T12:16:41+00:00"
generated_at: "2026-10-16T12:20:04.049084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Smithfield signs $600M delayed-draw term loan to redeem 4.250% senior notes due 2027

## Summary
- $600M senior unsecured delayed draw term loan dated October 14, 2026; single drawing available until December 23, 2026, maturing three years from funding.
- Proceeds will fund redemption on or after November 1, 2026 of all outstanding 4.250% Senior Notes due 2027 at 100.000% of principal plus accrued interest.
- Interest at Term SOFR plus 0.875%-1.375%, or base rate plus 0.000%-0.375%, set by S&P/Moody's/Fitch ratings, with Pricing Level 5 applying absent ratings.
- Covenants: maximum debt-to-capitalization of 50.0%, raised to 55.0% for the quarter of a Material Acquisition plus three following quarters, and interest coverage of at least 3.50 to 1.00.
- Bank of America, N.A. is administrative agent; BofA Securities and AgFirst Farm Credit Bank are joint lead arrangers and bookrunners; no subsidiary guarantors exist as of signing.

## SEC filing metadata
- accession: 0000091388-26-000060
- form_type: 8-K
- ticker: SFD
- cik: 0000091388
- company_name: SMITHFIELD FOODS INC
- filed_at: 2026-10-16T12:16:41+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91388/000009138826000060/0000091388-26-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91388/000009138826000060/sfd-20261014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091388-26-000060
- JSON: https://secwatch.observer/filing/0000091388-26-000060.json
- Plain text: https://secwatch.observer/filing/0000091388-26-000060.txt

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