New Issue: Conagra Brands sells $500 million three-year floating-rate notes at Libor plus 50 bps

By Devika Patel

Knoxville, Tenn., Oct. 10 – Conagra Brands, Inc. priced $500 million of three-year floating-rate notes (Baa2/BBB/BBB) at par to yield Libor plus 50 basis points on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

Wells Fargo Securities LLC, HSBC Securities (USA) Inc., Barclays, Mizuho Securities USA Inc. and MUFG are the bookrunners.

Proceeds will be used for general corporate purposes.

The packaged food company is based in Chicago.

Issuer:	Conagra Brands, Inc.
Issue:	Floating-rate notes
Amount:	$500 million
Maturity:	Oct. 9, 2020
Bookrunners:	Wells Fargo Securities LLC, HSBC Securities (USA) Inc., Barclays, Mizuho Securities USA Inc. and MUFG
Coupon:	Libor plus 50 bps
Price:	Par
Yield:	Libor plus 50 bps
Call feature:	Non-callable
Change-of-control put:	101%
Trade date:	Oct. 10
Settlement date:	Oct. 12
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB
Distribution:	SEC registered

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