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Hormel Foods intends to sell fixed-rate notes via three bookrunners
By Devika Patel
Knoxville, Tenn., June 4 – Hormel Foods Corp. plans to price fixed-rate notes (A), according to a 424B5 filed with the Securities and Exchange Commission.
The notes will have a make-whole call and then a par call.
BofA Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used for general corporate purposes, including repaying or refinancing debt.
Hormel is an Austin, Minn.-based manufacturer and marketer of meat and food products.
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