Company: CAG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001104659-25-067959
Chunk: 24

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-15
Form: 424B5
Chunk 24
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 York, or the city where the Corporate Trust Office of the Trustee is located at such time, are required or authorized by law, regulation or executive order to close or be closed.

#### Ranking
The notes:

•

will be our senior unsecured obligations;

•

will rank equally and ratably with all of our existing and future senior unsecured debt and other liabilities;

•

will be senior to all of our existing and future subordinated debt and other liabilities;

•

will be effectively junior to our secured debt to the extent of the value of the collateral securing such debt, unless the notes are equally and ratably secured with such secured debt, as required by the indenture under certain circumstances; and

•

will be effectively junior to all existing and future secured and unsecured debt of our subsidiaries, including trade payables.

Our subsidiaries are distinct legal entities having no obligation to pay any amounts pursuant to, or to make funds available for, the notes.

As of May 25, 2025, we had total long-term debt, including current installments, of approximately $7.26 billion outstanding.

#### Optional Redemption
Prior to , 20 , in the case of the 20 Notes, or , 20 , in the case of the 20 Notes (each such date, a “Par Call Date” with respect to the applicable series of notes), we may redeem the notes of such series at our option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

(1)

(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the notes of the series to be redeemed matured on the applicable Par Call Date for such series) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus basis points (in the case of the 20 Notes) or basis points (in the case of the 20 Notes), in each case less (b) interest accrued to, but excluding, the date of redemption, and

(2) 100% of the principal amount of the notes of such series to be redeemed,

plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption date.

On or after the Par Call Date for each series, we may redeem the notes of