Lamb Weston plans to redeem 4 5/8%, 4 7/8% notes due 2024, 2026

By Rebecca Melvin

Concord, N.H., Oct. 19 – Lamb Weston Holdings, Inc. plans to redeem all of its outstanding 4 5/8% senior notes due 2024 and 4 7/8% senior notes due 2026, using proceeds of new notes, according to a company release on Tuesday.

The company is pricing $1.67 billion of senior notes (expected ratings Ba3/BB+) in two tranches following a conference call with investors, according to market sources.

The producer, distributor and marketer of value-added frozen potato products is based in Eagle, Idaho.

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