Smithfield Foods (SFD) Announces Prices of $625M Senior Secured Notes At 10%, 96.201% of Face Value
Down)
Smithfield Foods, Inc. (NYSE: SFD) announced that it has priced its previously announced offering of senior secured notes due July 2014. The notes will have an interest rate of 10% per annum and will be issued at a price equal to 96.201% of their face value.
Smithfield Foods intends to use the proceeds from the notes offering to repay borrowings and terminate commitments under its existing U.S. revolving credit facility, repay and/or refinance other indebtedness and for other general corporate purposes.
Smithfield Foods intends to use the proceeds from the notes offering to repay borrowings and terminate commitments under its existing U.S. revolving credit facility, repay and/or refinance other indebtedness and for other general corporate purposes.
You May Also Be Interested In
- Yahoo! (YHOO) Sells Half of its Alibaba Stake for $7.1 Billion, Boosts Buyback Plan By $5 Billion
- U.S. sets preliminary duties of 31.22% on Chinese Solar Imports (TAN)
- Two Major Panel Suppliers Pass Muster for LCD Display on Apple (AAPL) 'iPad Mini'
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
