secwatch.observer — SEC 8-K summary
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Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001193125-22-231861
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conagra enters $500M term loan and $2.0B revolver, extends debt maturities
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- New $500M unsecured term loan (delayed draw) matures Aug 26, 2025; proceeds to fund debt maturing in FY2023.
- New $2.0B unsecured revolver (expandable to $2.5B) matures Aug 26, 2027; replaces $0-outstanding facility due July 2024.
- Term loan interest at Term SOFR + 0.10% + 0.90%-1.375% spread based on debt ratings.
- Revolver facility fee 0.07%-0.20% p.a.; interest at Term SOFR + 0.10% + 0.93%-1.30% spread.
- Both facilities carry customary covenants: max net leverage and min interest coverage ratios.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000119312522231861/0001193125-22-231861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000119312522231861/d398576d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-231861

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