Tyson Foods launches USD 1.2 billion cash tender offers for select senior notes
TSN•Tyson Foods launches cash tender offers for select senior notes
Tyson Foods launched cash tender offers for three senior notes series, targeting up to USD 1.2 billion in total repurchases.
- Sub-caps are set at USD 800 million for its 3.55% Senior Notes due 2027 and USD 250 million for its 5.4% Senior Notes due 2029.
- The offers expire Sept. 8, with an early tender deadline of Aug. 21.
- Pricing is set for Aug. 24, and early settlement is expected Aug. 26.
- Repurchases depend on proceeds from a contemporaneous notes offering, along with cash on hand.
