Tyson to repay term loan tranche borrowings via new note offering

By Sarah Lizee

Olympia, Wash., Aug. 21 – Tyson Foods, Inc. plans to repay amounts outstanding under its term loan tranche due June 2020 using the proceeds of a new offering of floating- and fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

As of July 1, the tranche bore interest at a rate of 2.38%.

The company said that it may also use a portion of the proceeds to pay down other outstanding debt.

Tyson is a Springdale, Ark.-based meat and food production company.

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