Conagra Brands’ $1 Billion Notes Offering

Jones Day advised Conagra Brands, Inc on the deal.

Conagra Brands, Inc., a leading branded foods company, announced its underwritten public offering of $1 billion 1.375% Senior Notes due 2027.

The Chicago-based packaged foods concern intends to use the proceeds, together with borrowings under its term loan facility and/or its commercial paper program and cash on hand, to fund the repayment of its 3.8% notes due Oct. 22, 2021, ($1.2 billion outstanding as of Aug. 30) and floating-rate notes due Oct. 9 ($500 million outstanding), according to regulatory filings.

The Jones Day team was led by Michael Solecki (Picture) and also included Andrew Thomas.

Involved fees earner: Michael Solecki – Jones Day; Andrew Thomas – Jones Day;

Law Firms: Jones Day;

Clients: Conagra Brands, Inc.;

Author: Ambrogio Visconti