Tyson Foods extends $500 million term loan to 2020, adjusts pricing

By Wendy Van Sickle

Columbus, Ohio, Aug. 18 – Tyson Foods, Inc. amended its $500 million term loan agreement on Friday with Bank of America, NA, pushing out its maturity to Aug. 18, 2020 from April 6, 2019, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the amendment set the interest rate at Libor plus a margin ranging from 75 basis points to 137.5 bps, depending on the company’s credit ratings.

The meat and food production company is based in Springdale, Ark.

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