secwatch / observer
8-K filed March 8, 2024, 6:59 PM ET ticker HRL CIK 0000048465
debt confidence high sentiment neutral materiality 0.55

HORMEL FOODS CORP /DE/ (HRL): debt financing — Hormel Foods issues $500M of 4.800% Notes due 2027

HORMEL FOODS CORP /DE/

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

HORMEL FOODS CORP /DE/ incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 4.800% maturing March 30, 2027.

Instrument
senior notes
Principal
$500,000,000
Counterparty
U.S. Bank Trust Company, National Association
Rate
4.800%
Maturity
March 30, 2027
Event
incurrence
Exact text from the filing
, 2011 (the “ Indenture ”), between the Company and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the “Trustee”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HORMEL FOODS CORP /DE/ entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters valued at $500,000,000 (effective 2024-03-05).

Action
entry
Agreement
underwriting
Counterparty
BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters
Value
$500,000,000
Effective
2024-03-05
Exact text from the filing
On March 5, 2024, Hormel Foods Corporation (the “ Company ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule 1 therein (collectively, the “ Underwriters ”), pursuant to which the Company agreed to issue and sell and the Underwriters have severally agreed to purchase an aggregate principal amount of $500,000,000 principal amount of its 4.800% Notes due 2027 (the “ Notes ”)
View on SEC.gov

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

HORMEL FOODS CORP /DE/ filing history →

Source: SEC EDGAR
accession 0001104659-24-032398
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