Company: CAG
Filing Date: 2025-07-16
Form Type: 424B5
Source: 0001104659-25-068390
Chunk: 13

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-16
Form: 424B5
Chunk 13
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% 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.”

Certain Covenants

The indenture governing the notes will contain certain restrictions, including a limitation that restricts our ability and the ability of certain of our subsidiaries to create or incur secured debt. Certain sale and leaseback transactions will be similarly limited. See “Description of Notes — Certain Covenants.”

DTC Eligibility

The notes will be represented by global certificates deposited with, or on behalf of, DTC or its nominee. See “Description of Notes — Book-Entry; Delivery and Form.”

Same Day Settlement

Beneficial interests in the notes will trade in DTC’s same-day funds settlement system until maturity. Therefore, secondary market trading activity in such interests will be settled in immediately available funds.

Use of Proceeds

We expect to receive net proceeds of approximately $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 4.600% Senior Notes due November 2025 (the “2025 Senior Notes”). See “Use of Proceeds.”

No Listing of the Notes

We do not intend to apply to list the notes on any securities exchange or to have the notes quoted on any automated quotation system.

Governing Law

The notes will be, and the indenture is, governed by the laws of the State of New York.

Trustee, Registrar, and Paying Agent

U.S. Bank Trust Company, National Association.

Risk Factors

See “Risk Factors” and other information in this prospectus supplement and the accompanying prospectus for a discussion of factors that should be carefully considered before investing in the notes.

Conflicts of Interest

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 Rule 5121 (Public

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TABLE OF CONTENTS

Offerings of Securities with Conflicts of Interest) of the Financial Industry Regulatory Authority, Inc. (“FINRA”).