Smithfield makes senior notes offering

by Meat&Poultry Staff
Share This:

SMITHFIELD, Va. – Smithfield Foods, Inc. announced it will refinance the company’s debt with a senior notes offering worth $650 million. The notes are due in 2022.

The company said it would use the money to buy all of its 7.75 percent senior unsecured notes due in 2013 and all of its 10 percent senior secured notes due in 2014.

Barclays Capital Inc. and Goldman, Sachs & Co. are joint book-running managers for the offering.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.