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and animal feed industries.
Industry News & Trends
on May 31, 2017

Tyson Foods announces proposed public offerings of senior notes

The company intends to use net proceeds from the offerings with other funds to finance the previously announced acquisition of AdvancePierre Foods Holdings

Tyson Foods, Inc. (the “Company”) (NYSE:TSN) recently announced that it has commenced underwritten public offerings of senior notes under its effective shelf registration statement.

The Company intends to use the net proceeds from the offerings, together with cash on hand, borrowings under new term loans and the issuance of commercial paper or commercial notes, to finance the previously announced acquisition of AdvancePierre Foods Holdings, Inc. (“AdvancePierre”), including to repay in full AdvancePierre’s outstanding 5.50% senior notes due 2024, to repay AdvancePierre’s outstanding first lien term loan and to make certain other payments in connection with such acquisition.

Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Barclays and RBC Capital Markets are acting as joint lead book running managers for the offerings.

The offerings may be made only by means of a prospectus supplement and the accompanying prospectus.  Copies of the preliminary prospectus supplement and accompanying prospectus relating to these offerings may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, N.Y. 10014, Attention: Prospectus Department, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, N.Y. 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, telephone collect at 1-212-834-4533 or Merrill Lynch, Pierce, Fenner & Smith Incorporated, 200 North College Street, 3rd Floor, Charlotte, N.C. 28255, Attention: Prospectus Department, or by emailing dg.prospectus_requests@baml.com. You may also get these documents for free by visiting EDGAR on the website of the Securities and Exchange Commission (the "SEC") at www.sec.gov.

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