Smithfield Foods, Inc. (SFD) Wednesday said it has initiated an underwritten public offering of $650 million aggregate principal amount of senior notes, due 2022. The offering is subject to market and other conditions.
The company intends to use the net proceeds of this offering to finance a tender offer to repurchase all of its outstanding 10 percent senior secured notes due 2014, and 7.75 percent senior notes due 2013, together with available cash and other borrowings.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.