Smithfield Announces Final Results of Tender Offer

US - Smithfield Foods has announced that the time limit on the offer to purchase for cash the maximum aggregate principal amount of its 7.75 per cent Senior Unsecured Notes due 2013 and 10 per cent Senior Secured Notes due 2014 has now expired.
calendar icon 11 February 2011
clock icon 2 minute read

The total number of notes could ahve been bought for $450.0 million and Smithfield Foods accepted $390.9 million.

The aggregate consideration for Notes accepted in the Tender Offer, including accrued interest, was approximately $454.9 million.

Smithfield Foods expects that the premium paid in the purchase of Notes, together with any unamortized original debt issuance costs and current Tender Offer fees, in the amount ranging from approximately $71.0 million to $73.0 million will be charged to earnings in its fourth fiscal quarter.

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