---
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"
generated_at: "2026-06-05T00:52:58.646205+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hormel Foods issues $500M of 4.800% Notes due 2027

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-032398
- JSON: https://secwatch.observer/filing/0001104659-24-032398.json
- Plain text: https://secwatch.observer/filing/0001104659-24-032398.txt

## Key facts
- Debt Financings
  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
  source text: , 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_url: https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/0001104659-24-032398-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/0001104659-24-032398-index.htm

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