Company: CAG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001104659-25-067959
Chunk: 44

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-15
Form: 424B5
Chunk 44
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 law) or any state, local or non-U.S. tax consequences of the purchase, ownership and disposition of the notes. In addition, this summary does not address U.S. federal tax considerations applicable to certain categories of Holders that may be subject to special rules, such as:

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brokers and dealers in securities or commodities;

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traders in securities that have elected the mark-to-market method of accounting for their securities holdings;

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U.S. Holders (as defined below) whose functional currency is not the U.S. dollar;

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persons that will hold the notes as a part of a hedge, straddle, conversion or other “synthetic security” or integrated transaction;

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certain former U.S. citizens or residents of the United States;

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banks and other financial institutions;

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insurance companies;

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retirement plans;

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regulated investment companies or real estate investment trusts;

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controlled foreign corporations or passive foreign investment companies;

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persons subject to the alternative minimum tax;

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persons deemed to sell the notes under the constructive sale provisions of the Code;

•

entities that are tax-exempt for U.S. federal income tax purposes; and

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entities treated as partnerships for U.S. federal income tax purposes, other pass-through entities, and holders of interests therein.

**If an entity or arrangement treated as a partnership for U.S. federal income tax purposes holds the notes, the U.S. federal income tax treatment of a partner in such partnership generally will depend upon the status of the partner and the activities of the partnership. If you are a partnership or a partner in a partnership that will hold the notes, you are urged to consult your own tax advisor regarding the tax consequences to you of purchasing, owning and disposing of such notes.

This summary of certain U.S. federal income tax considerations is for general information only and is not tax advice. You are urged to consult your tax advisor with respect to the application of U.S. federal income tax**

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**TABLE OF CONTENTS

laws to your particular situation as well as any tax considerations arising under other U.S. federal tax laws (such as the estate or gift tax laws) or under the laws of any state, local, non-U.S. or other taxing jurisdiction or under any applicable tax treaty.**

#### Effect of Certain Contingencies
In certain circumstances, we may become obligated to make payments on the notes in excess of stated interest and principal. For example, as described above under “Description of Notes — Change of Control