Company: CAG
Filing Date: 2025-07-16
Form Type: 424B5
Source: 0001104659-25-068390
Chunk: 20

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-16
Form: 424B5
Chunk 20
---
 $991.1 million from this offering, after deducting the underwriting discount and estimated offering expenses payable by us. We intend to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of our outstanding 2025 Senior Notes.

As of the date of this prospectus supplement, we had $1.0 billion aggregate principal amount of 2025 Senior Notes outstanding. The 2025 Senior Notes bear interest at an annual rate of 4.600% per year and mature on November 1, 2025. References to the repayment of the 2025 Senior Notes in this prospectus supplement do not constitute a notice of redemption pursuant to the terms of the 2025 Senior Notes.

Certain of the underwriters or their affiliates may hold outstanding 2025 Senior Notes that we intend to repay using the net proceeds of this offering. In such event, it is possible that one or more of the underwriters or their affiliates could receive more than 5% of the net proceeds of this offering, and in that case, such underwriter would be deemed to have a conflict of interest under FINRA Rule 5121. In the event of any such conflict of interest, such underwriter would be required to conduct the distribution of the notes in accordance with FINRA Rule 5121. However, pursuant to that rule, the appointment of a “qualified independent underwriter” would not be required in connection with this offering, as the notes are “investment grade rated” (as defined in FINRA Rule 5121). See “Underwriting (Conflicts of Interest).”

<div align='center'>S-9</div>

TABLE OF CONTENTS

CAPITALIZATION The following table sets forth our consolidated capitalization as of May 25, 2025. You should read this table in conjunction with our audited consolidated financial statements, the related notes thereto and other financial information contained in our Annual Report on Form 10-K for the fiscal year ended May 25, 2025, which is incorporated by reference in this prospectus supplement, as well as the other financial information incorporated by reference in this prospectus supplement.

| ​                                                     | ​ | ​ | As of May 25, 2025   |   |          |   | ​ |
|:------------------------------------------------------|:--|:--|:---------------------|:--|---------:|:--|:--|
| ​                                                     | ​ | ​ | -dollars in millions |   |          |   |