Smithfield makes senior notes offering
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.