secwatch.observer — SEC 8-K summary
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Issuer:     HORMEL FOODS CORP /DE/ (HRL)
CIK:        0000048465
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001104659-24-032398
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/0001104659-24-032398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48465/000110465924032398/tm247685d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-032398

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