Company: CAG
Filing Date: 2025-06-30
Form Type: 8-K
Source: 0000023217-25-000035
Chunk: 0

Company: CONAGRA BRANDS INC.
Filing Date: 2025-06-30
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01

Entry into a Material Definitive Agreement.

On June 27, 2025 (the “ Closing Date”), Conagra Brands, Inc. (the “ Company”) entered into a Third Amended and Restated Revolving Credit Agreement (the “ Revolving Credit Agreement”) with Bank of America, N. A. (“ Bank of America”), as administrative agent and a lender, and the other lenders party thereto, providing for a revolving credit facility in a maximum aggregate principal amount outstanding at any one time of $2.0 billion.

The revolving credit facility provided for under the Revolving Credit Agreement replaces the Company’s prior revolving credit facility by amending and restating that certain Second Amended and Restated Revolving Credit Agreement (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the Closing Date, the “ Prior Revolving Credit Agreement”), dated as of August 26, 2022, among the Company, Bank of America, as administrative agent and a lender, and the other financial institutions party thereto as lenders. The maturity date of the Prior Revolving Credit Agreement was August 26, 2027. No borrowings were outstanding under the Prior Revolving Credit Agreement on the Closing Date.

The revolving credit facility provided for under the Revolving Credit Agreement matures on June 27, 2030, and is unsecured. The term of the Revolving Credit Agreement may be extended for an additional one-year or two-year period from the then applicable maturity date on an annual basis.

Loans under the revolving credit facility will bear interest at, at the Company’s election, either (a) the sum of Term SOFR, plus a percentage spread (ranging from 0.805% per annum to 1.30% per annum) based on the Company’s senior unsecured long-term indebtedness ratings or (b) the sum of (i) Base Rate, described in the Revolving Credit Agreement as the greatest of (1) Bank of America’s prime rate, (2) the federal funds rate plus 0.50% and(3) one-month Term SOFR plus 1.00%, plus(ii) a percentage spread (ranging from 0.0% per annum to 0.30% per annum) based on the Company’s senior unsecured long-term indebtedness ratings.

The Company has agreed to pay a facility fee, payable quarterly, at rates that range from 0.07% per annum to