Company: CAG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001104659-25-067959
Chunk: 32

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-15
Form: 424B5
Chunk 32
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 in immediately available funds.

#### Additional Terms
For important additional information applicable to the notes, see “Description of Debt Securities” in the accompanying prospectus. That information includes:

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general information regarding the indenture;

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a description of modification and amendment of the indenture;

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a description of defeasance under the indenture; and

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additional information regarding the terms of senior debt securities issued under the indenture, including the notes.

#### Merger, Consolidation or Sale of Assets
We may, directly or indirectly, without the consent of the Trustee or the holders of any series of notes, merge or consolidate with, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of our properties or assets to, another person, provided that:

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either (a) we are the surviving person in any such merger or consolidation or (b) the person formed by or surviving any such merger or consolidation (if other than us) or that so acquires such property or assets is a corporation, limited liability company, partnership, trust or other entity organized and existing under the laws of the United States, any state of the United States or the District of Columbia and expressly assumes pursuant to a supplemental indenture all of our obligations under the indenture;

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immediately after such transaction and giving pro forma effect thereto, no default or Event of Default (as defined below) shall have occurred and be continuing; and

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certain other conditions are met.

Following any such transaction, except in the case of a lease, we will be relieved of all obligations under the indenture and the notes.

#### Certain Covenants

#### Limitations on Liens
We will not, and we will not permit any Consolidated Subsidiary to, issue, assume or guarantee any Indebtedness secured by a Lien upon or with respect to any Principal Property or on the capital stock of any Consolidated Subsidiary that owns any Principal Property unless:

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we provide that the notes will be secured by such Lien equally and ratably with any and all other obligations and debt secured thereby; or

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the aggregate amount of all our Indebtedness and the Indebtedness of our Consolidated Subsidiaries, together with all Attributable Debt in respect of Sale and Lease-Back Transactions existing at such time, with the exception of transactions which are not subject to the limitation described in “Limitations