Tyson Foods Prices $3.25 Bln Senior Notes Offerings

(RTTNews) - Tyson Foods, Inc. (TSN) said Tuesday that it has agreed to sell $1.0 billion aggregate principal amount of its 2.650% senior notes due 2019, $1.25 billion aggregate principal amount of its 3.950% senior notes due 2024, $500 million aggregate principal amount of its 4.875% senior notes due 2034 and $500 million aggregate principal amount of its 5.150% senior notes due 2044 in underwritten public offerings.

The offerings are expected to close on August 8.

The company plans to use the net proceeds from the offerings, together with cash on hand, the recently completed Class A common stock and tangible equity units offerings, and from borrowings under new term loans, to finance the previously announced acquisition of The Hillshire Brands Co. (HSH) and to pay related fees and expenses.