Tyson Foods, Inc. (NYSE: TSN) announced it is offering to purchase for cash up to three series of its outstanding senior notes, with a maximum aggregate purchase price of $1.2 billion, according to a press release dated Aug. 10, 2026.

The offers cover the following notes:

— 3.550% Senior Notes due 2027, with $1.3 billion outstanding, subject to an $800 million sub-cap
— 5.400% Senior Notes due 2029, with $600 million outstanding, subject to a $250 million sub-cap
— 4.350% Senior Notes due 2029, with $1 billion outstanding, with no individual sub-cap

Holders who tender by the early tender deadline of Aug. 21, 2026, will be eligible to receive the total consideration, which includes an early tender premium of $30 per $1,000 in principal amount. Holders tendering after that date but before the expiration date of Sept. 8, 2026, will receive only the purchase price, which excludes the early tender premium. Accrued interest will be paid separately on all accepted notes.

Pricing is set to be determined on Aug. 24, 2026, based on fixed spreads over applicable U.S. Treasury reference securities. An early settlement date is expected around Aug. 26, 2026, with a final settlement date expected around Sept. 10, 2026.

The offers are conditioned on Tyson receiving sufficient net proceeds from a concurrent debt offering to fund the repurchases. Notes accepted under the offers will be retired and cancelled. No minimum tender amount is required for any of the offers.

BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co., and Rabo Securities USA are serving as dealer managers for the transactions.