Marel

USA - New Issue-ConAgra Foods sells $750 million notes

19 Sep 2012


 

 ConAgra Foods Inc on Monday sold

$750 million of senior notes in three parts, said IFR, a Thomson

Reuters service. 

 

    JP Morgan, Bank of America Merrill Lynch, Mitsubishi, BNP

Paribas, and Wells Fargo were the joint bookrunning managers for

the sale.

 

BORROWER: CONAGRA FOODS INC 

 

TRANCHE 1
AMT $250 MLN    COUPON 1.35 PCT    MATURITY    09/10/2015
TYPE SR NTS     ISS PRICE 99.781   FIRST PAY   03/10/2013
MOODY'S Baa2    YIELD 1.425 PCT    SETTLEMENT  09/13/2012   
S&P TRIPLE-B    SPREAD 110 BPS     PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE CALL 20 BPS
    
TRANCHE 2
AMT $250 MLN    COUPON 2.1 PCT     MATURITY    09/15/2018
TYPE SR NTS     ISS PRICE 99.762   FIRST PAY   03/15/2013
MOODY'S Baa2    YIELD 2.146 PCT    SETTLEMENT  09/13/2012   
S&P TRIPLE-B    SPREAD 150 BPS     PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS
    
TRANCHE 3
AMT $250 MLN    COUPON 3.25 PCT    MATURITY    09/15/2022
TYPE SR NTS     ISS PRICE 99.442   FIRST PAY   03/15/2013
MOODY'S Baa2    YIELD 3.316 PCT    SETTLEMENT  09/13/2012   
S&P TRIPLE-B    SPREAD 165 BPS     PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE CALL 25 BPS
 

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Source: reuters

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