CONAGRA BRANDS INC. (CAG) Form 8-K — Jul 28, 2026
Conagra Brands completed a public offering of $500 million aggregate principal amount of its 5.400% Senior Notes due 2031. The notes were priced at 99.813% of the principal amount and bear interest at a rate of 5.400% per year, payable semi-annually beginning February 1, 2027. The company intends to apply the net proceeds from the offering, together with cash on hand, toward the repayment at maturity of all of its 5.300% Senior Notes due October 2026 ($500 million) and 7.125% Senior Notes due October 2026 ($262.5 million). Any remaining proceeds will be used for general corporate purposes or to temporarily reduce commercial paper borrowings.
Key figures
- Debt Amount
- $500,000,000
- Interest Rate
- 5.400%
- Maturity Date
- August 1, 2031
- Offering Price
- 99.813%
- Change of control premium
- 101%
- Refinance target 5 300 percent
- $500,000,000
- Refinance target 7 125 percent
- $262,500,000
Price after filing
Close on the filing date to close N calendar days later (from $15.43). Historical, not a forecast.
AI analysis
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