Tyson Foods replaces $750M term loan with new $750M revolver maturing 2028

TYSON FOODS, INC.

Entered new $750M senior unsecured revolving credit facility with CoBank as administrative agent.
Repaid $440M outstanding under prior 2023 term loan and terminated that facility.
New facility matures on third anniversary of Dec 12, 2025; includes optional term-out conversion.
Interest at SOFR plus spread of 1.500%-2.225% depending on credit rating; unused commitment fee 0.100%-0.200%.
Covenants include minimum interest expense coverage ratio of 3.50:1 calculated quarterly.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TYSON FOODS, INC. terminated 2023 Term Loan Agreement with CoBank, ACB, as administrative agent, and the lenders from time to time party thereto valued at $750 million (effective 2025-12-12).

Action: termination
Agreement: credit facility
Counterparty: CoBank, ACB, as administrative agent, and the lenders from time to time party thereto
Value: $750 million
Effective: 2025-12-12

Exact text from the filing

Concurrent with entry into the Loan Agreement, the Company repaid all outstanding borrowings and interest due under the 2023 Term Loan Agreement as of the Effective Date and terminated all commitments thereunder.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TYSON FOODS, INC. entered into Loan Agreement with CoBank, ACB ("CoBank"), as administrative agent, and the lenders from time to time party thereto valued at $750 million (effective 2025-12-12).

Action: entry
Agreement: credit facility
Counterparty: CoBank, ACB ("CoBank"), as administrative agent, and the lenders from time to time party thereto
Value: $750 million
Effective: 2025-12-12

Exact text from the filing

On December 12, 2025 (the “Effective Date”), Tyson Foods, Inc. (the “Company”) entered into a Loan Agreement (the “Loan Agreement”) with the lenders from time to time party thereto and CoBank, ACB (“CoBank”), as administrative agent, which replaced the Company’s existing Term Loan Agreement

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TYSON FOODS, INC. filing history →

Source: SEC EDGAR

accession 0000100493-25-000109

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