Company: CAG
Filing Date: 2025-07-16
Form Type: 424B5
Source: 0001104659-25-068390
Chunk: 43

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-16
Form: 424B5
Chunk 43
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 to the purchase, ownership and disposition of the notes. This summary is based upon the provisions of the Code, applicable Treasury Regulations promulgated thereunder, administrative rulings and judicial decisions, all as of the date of this prospectus supplement. These authorities may be changed or subject to differing interpretations, possibly with retroactive effect. We have not obtained, nor do we intend to obtain, a ruling from the Internal Revenue Service (the “IRS”) with respect to the statements made in this summary and there can be no assurance that the IRS will agree with such statements or that a court would not sustain a challenge by the IRS in the event of litigation.

This summary is limited to beneficial owners of the notes (the “Holders”) that purchase notes upon their initial issuance at their “issue price” (i.e., the first price at which a substantial amount of the notes is sold for cash to investors (excluding sales to bond houses, brokers or similar persons or organizations acting in the capacity of underwriters, placement agents or wholesalers)) and that will hold such notes as “capital assets” within the meaning of Section 1221 of the Code (generally, property held for investment). This summary does not address all of the U.S. federal income tax considerations that may be relevant to a particular Holder’s circumstances (such as the effects of Section 451(b) of the Code conforming the timing of certain income accruals to financial statements) and does not discuss any aspect of U.S. federal tax law other than income tax law (such as estate or gift tax 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