Company: CAG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001104659-25-067959
Chunk: 0

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-15
Form: 424B5
Chunk 0
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TABLE OF CONTENTS The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

Filed Pursuant to Rule 424(b)(5) Registration No. 333-280760 SUBJECT TO COMPLETION, DATED JULY 15, 2025 PRELIMINARY PROSPECTUS SUPPLEMENT
(To Prospectus Dated July 11, 2024) Conagra Brands, Inc. $ % Senior Notes due 20 $ % Senior Notes due 20 We are offering $ aggregate principal amount of % senior notes due 20 (the “20 Notes”) and $ aggregate principal amount of % senior notes due 20 (the “20 Notes” and, together with the 20 Notes, the “notes”). We will pay interest on the 20 Notes on and of each year, beginning on , 202 . The 20 Notes will mature on , 20 . We will pay interest on the 20 Notes on and of each year, beginning on , 202 . The 20 Notes will mature on , 20 . We may redeem some or all of the notes of any series at any time and from time to time prior to their maturity at the applicable redemption price described herein under the caption “Description of Notes — Optional Redemption.” If a change of control triggering event occurs with respect to the notes, we will be required to make an offer to repurchase each series of notes in cash from the holders thereof at a price equal to 101% of their principal amount, plus accrued and unpaid interest to, but not including, the date of repurchase. See “Description of Notes — Change of Control Offer.” The notes will be our senior unsecured obligations, will rank equally and ratably with all of our existing and future senior unsecured debt and other liabilities and will be senior to all of our existing and future subordinated debt and other liabilities, but will be effectively junior to our secured debt to the extent of the value of the collateral securing such debt, and will be effectively junior to all existing and future secured and unsecured debt of our subsidiaries, including trade payables. The notes will be exclusively our obligation, and not the obligation of any of our subsidiaries. Each series of notes is a new issue of securities with no established trading market. We do not intend to apply to list either