Company: CAG
Filing Date: 2025-07-22
Form Type: 8-K
Source: 0000023217-25-000045
Chunk: 0

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-22
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01

Entry into a Material Definitive Agreement.

On July 22, 2025, Conagra Brands, Inc. (the “ Company”) completed a public offering of $500,000,000 aggregate principal amount of its 5.000% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “ Notes”). The Notes were offered and sold pursuant to the Company’s Registration Statement on Form S-3 (Registration No. 333-280760). A prospectus supplement relating to the offering and sale of the Notes was filed with the Securities and Exchange Commission (the “ SEC”) on July 16, 2025.

The terms of the Notes are governed by an indenture, dated as of August 12, 2021 (the “ Base Indenture”), as supplemented by a supplemental indenture, dated as of July 22, 2025 (the “ Third Supplemental Indenture” and, collectively with the Base Indenture, the “ Indenture”), in each case by and between the Company and U. S. Bank Trust Company, National Association, as successor trustee. The Indenture contains customary covenants that, among other things, limit the ability of the Company, with certain exceptions, to incur debt secured by liens, engage in sale and leaseback transactions and enter into certain consolidations, mergers and transfers of all or substantially all of the assets of the Company and its subsidiaries, taken as a whole.

The Company may redeem some or all of the Notes at any time and from time to time prior to their maturity at the redemption prices described in the prospectus supplement. Upon the occurrence of a “ Change of Control Triggering Event,” as defined in the Third Supplemental Indenture, the Company will be required to offer to repurchase the Notes at 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase.

The Indenture contains customary events of default, including failure to make required payments of principal and interest, certain events of bankruptcy and insolvency and default in the performance or breach of any covenant or warranty contained in the Indenture or the Notes.

The 2030 Notes will mature on August 1, 2030