Smithfield Foods Announces Notes Offering
US - Smithfield Foods has announced a $225 million senior secured notes offering.
10 August 2009
2 minute read
Smithfield Foods, Inc. announced on 7 July that it is initiating an offering, subject to market and other conditions, of $225 million of 10 per cent senior secured notes due 2014.
The notes will have identical terms and conditions, other than issue date and issue price, as the $625 million of 10 per cent senior secured notes due 2014 issued by the Company on 2 July 2009.
In a press release, the company said it intends to use the proceeds from the notes offering, together with other available cash, to repay other outstanding indebtedness.
