Smithfield Foods Reports $800 Mln Senior Notes Offering

(RTTNews) - As part of the financing for the proposed acquisition of Smithfield Foods, Inc. (SFD), Sun Merger Sub, Inc., a Virginia corporation or "Merger Sub", announced that it is initiating an offering, of $800 million aggregate principal amount of its Senior Notes, which will be issued in one series due 2018 and one series due 2021. Merger Sub is an indirect wholly-owned subsidiary of Shuanghui International Holdings Limited, a corporation formed under the laws of the Cayman Islands.

Smithfield agreed on May 29 to be acquired by Hong Kong-based Shuanghui for $34 per share in an all-cash deal valued at about $7.1 billion.