Company: CAG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001104659-25-067959
Chunk: 21

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-15
Form: 424B5
Chunk 21
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5121. In the event of any such conflict of interest, such underwriter would be required to conduct the distribution of the notes in accordance with FINRA Rule 5121. However, pursuant to that rule, the appointment of a “qualified independent underwriter” would not be required in connection with this offering, as the notes are “investment grade rated” (as defined in FINRA Rule 5121). See “Underwriting (Conflicts of Interest).”

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TABLE OF CONTENTS

CAPITALIZATION The following table sets forth our consolidated capitalization as of May 25, 2025. You should read this table in conjunction with our audited consolidated financial statements, the related notes thereto and other financial information contained in our Annual Report on Form 10-K for the fiscal year ended May 25, 2025, which is incorporated by reference in this prospectus supplement, as well as the other financial information incorporated by reference in this prospectus supplement.

| ​                                                     | ​ | ​ | As of May 25, 2025   |   |          |   | ​ |
|:------------------------------------------------------|:--|:--|:---------------------|:--|---------:|:--|:--|
| ​                                                     | ​ | ​ | -dollars in millions |   |          |   | ​ |
| Cash and cash equivalents                             | ​ | ​ | ​                    | $ |     68.0 | ​ | ​ |
| Senior long-term debt, excluding current installments | ​ | ​ | ​                    | $ |  6,234.1 | ​ | ​ |
| Current installments of long-term debt(1)             | ​ | ​ | ​                    | ​ |  1,028.8 | ​ | ​ |
| Subordinated debt                                     | ​ | ​ | ​                    | ​ |        — | ​ | ​ |
| Notes payable(2)                                      | ​ | ​ | ​                    | ​ |    804.7 | ​ | ​ |
| Total debt                                            | ​ | ​ | ​                    | ​ |  8,067.6 | ​ | ​ |
| Total stockholders’ equity                            | ​ | ​ | ​                    | ​ |  8,932.7 | ​ | ​ |
| Total capitalization                                  | ​ | ​ | ​                    | $ | 17,000.3 | ​ | ​ |

(1) Includes $1.0