logo
Plus   Neg
Share
Email

Conagra Brands Gains Additional Liquidity - Quick Facts

Conagra Brands, Inc. (CAG) has decided to pre-pay, effective May 29, 2020, the remaining $275 million outstanding under its senior floating rate notes due October 22, 2020. The company has also obtained a $600 million senior three-year unsecured term loan which can be drawn, in full or in part, through October 2020. Conagra said it is committed to deleveraging and maintaining dividend and solid investment-grade credit rating.

Dave Marberger, CFO of Conagra Brands, said, "These actions position us to refinance our fiscal 2021 debt maturities at attractive rates with pre-payable debt."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states. Microsoft Corp. has joined with Adobe Inc. and enterprise AI software provider C3.ai to launch a new tool that would help customers to accurately forecast revenue and product demand, among other things. The C3 AI CRM powered by Microsoft Dynamics 365 would provide an integrated suite of industry-specific AI-enabled CRM solutions including marketing, sales, and customer service.
Follow RTT