Tyson has agreed to sell $1,000 million aggregate principal amount of its 2.650 percent senior notes, $1,250 million aggregate principal amount of its 3.950 percent senior notes, $500 million aggregate principal amount of its 4.875 percent senior notes and $500 million aggregate principal amount of its 5.150 percent senior notes. The offerings are expected to close on Aug. 8 subject to customary closing conditions.
Tyson intends to use the proceeds from the offerings, along with cash on hand, Class A common stock and tangible equity units offerings and loans to finance the Hillshire Brands acquisition and to pay related fees and expenses.
