Company: CAG
Filing Date: 2025-04-30
Form Type: 8-K
Source: 0000023217-25-000019
Chunk: 0

Company: CONAGRA BRANDS INC.
Filing Date: 2025-04-30
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry into a Material Definitive Agreement.

On April 29, 2025, Conagra Brands, Inc. (the “ Company”) entered into a letter agreement to amend (the “ Bank of America Term Loan Amendment”) the Term Loan Agreement with Bank of America, N. A. (“ Bank of America”), as administrative agent and a lender, and the other lenders (if any) party thereto (the “ Bank of America Term Loan Agreement”).

Also, on April 29, 2025, Conagra Brands, Inc. (the “ Company”) entered into a Term Loan Agreement (the “ Mizuho Term Loan Agreement”) with Mizuho Bank, Ltd. (“ Mizuho”), as administrative agent and a lender, and the other lenders (if any) party thereto, providing for term loans to the Company in an aggregate principal amount of $200.0 million.

Bank of America Term Loan Extension

The Bank of America Term Loan Amendment extends the maturity date of the outstanding term loan (the “ Bank of America Term Loan”) in the aggregate principal amount of $300.0 million, which is unsecured, to October 29, 2025.

The Bank of America Term Loan Agreement as amended by the Bank of America Term Loan Amendment will bear interest at, at the Company’s election, either(a) the sum of Term SOFR, plus 0.875% per annum or (b) 0.00% per annum plus the Base Rate, described in the Bank of America Term Loan Agreement as the greatest of (i) Bank of America’s “prime rate”, (ii) the Federal Funds Rate plus 0.50%, and (iii) one-month Term SOFR plus 1.00%.

A copy of the Bank of America Term Loan Amendment is filed as Exhibit 10.1 hereto. The foregoing description of the Bank of America Term Loan does not purport to be complete and is qualified in its entirety by reference to the full text of the Bank of America Term Loan Agreement as amended by the Bank of America Term Loan Amendment, which is incorporated by reference herein.

Mizuho Term Loan Agreement

The term loan facility provided for under the Mizuho Term Loan Agreement matures on October 29, 2025 and is unsecured.

The term loan will bear interest at, at the Company’s election, either (a) the sum of Term SOFR, plus 0.875% per annum or (b) 0.00