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Smithfield begins change-of-control offer for 6 5/8% notes due 2022
By Marisa Wong
Madison, Wis., Sept. 16 - Smithfield Foods, Inc. began on Monday an offer to purchase any and all of its 6 5/8% senior notes due 2022, according to a press release.
The offer is a change-of-control offer that is being made in connection with and conditioned on the proposed acquisition of Smithfield Foods by Hong Kong-based Shuanghui International Holdings Ltd.
The offer will expire at 11:59 p.m. ET on Oct. 11.
The purchase price will be 101% of par plus accrued interest up to, but not including, the purchase date.
Questions may be directed to U.S. Bank NA (800 934-6802), acting as depositary.
The food company is based in Smithfield, Va.
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