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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."

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