{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-032398","form_type":"8-K","ticker":"HRL","cik":"0000048465","company_name":"HORMEL FOODS CORP /DE/","filed_at":"2024-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.628623+00:00","generated_at":"2026-06-05T00:52:58.646205+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hormel Foods issues $500M of 4.800% Notes due 2027","bullets":["$500M aggregate principal amount of 4.800% Notes due March 30, 2027.","Interest payable semi-annually beginning September 30, 2024.","Notes are unsecured and rank equally with all other unsecured debt.","Redeemable at Company's option; before Feb 28, 2027 at Treasury Rate + 10 bps.","Change of control triggering event requires offer to purchase at 101% of principal."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-032398","json":"https://secwatch.observer/filing/0001104659-24-032398.json","markdown":"https://secwatch.observer/filing/0001104659-24-032398.md","text":"https://secwatch.observer/filing/0001104659-24-032398.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/0001104659-24-032398-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/tm247685d6_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:52:58.646205+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0197a50f0b92be593d1eb6a0f723787af2f94937","claim":"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.","evidence_excerpt":", 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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/0001104659-24-032398-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.800%"},{"label":"Maturity","value":"March 30, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7781a07e47b49150f93ba90f65e2eb10db1ebcac","claim":"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).","evidence_excerpt":"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 ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/0001104659-24-032398-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters"},{"label":"Value","value":"$500,000,000"},{"label":"Effective","value":"2024-03-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}