Conagra Brands Inc.
Conagra Brands, Inc. Announces Term Loan Amendment and New Term Loan Agreement
Summary
On April 29, 2025, Conagra Brands, Inc. (the 'Company') entered into a letter agreement to amend the Term Loan Agreement with Bank of America, N.A., extending the maturity date to October 29, 2025. The amended agreement allows for interest at either Term SOFR plus 0.875% or the Base Rate. Additionally, the Company entered into a new Term Loan Agreement with Mizuho Bank, Ltd., providing for term loans in an aggregate principal amount of $200.0 million, maturing on October 29, 2025. The new agreement also allows for interest at either Term SOFR plus 0.875% or the Base Rate and includes financial covenants and events of default customary for such facilities.
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About Conagra Brands Inc.
Conagra Brands Inc. is a prominent player in the packaged foods industry, focusing on delivering a wide array of frozen, refrigerated, and shelf-stable food products primarily for consumer consumption. The company is renowned for its diverse portfolio of trusted brands that include names like Healthy Choice, Marie Callender's, Banquet, and Slim Jim, which cater to a range of dietary needs and preferences. Through innovative product development and a commitment to quality, Conagra Brands addresses the evolving food trends and consumer demands for convenient meal solutions and snacks. As a significant entity in the consumer staples sector, Conagra Brands plays a critical role in grocery retail and food services markets, maintaining a strong presence across North America. The company's strategic initiatives aim to enhance shareholder value through operational efficiency, brand expansion, and sustainable practices, cementing its market position as a staple in kitchens worldwide. Headquartered in Chicago, Illinois, Conagra Brands continues to adapt and innovate to meet changing consumer lifestyles and preferences.
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