Tyson Foods increases Bank of America term loan to $750 million

By Marisa Wong

Morgantown, W.Va., June 12 – Tyson Foods, Inc. amended its term loan agreement dated April 7, 2015 with Bank of America, NA to increase the principal amount borrowed to $750 million from $500 million, according to an 8-K filing with the Securities and Exchange Commission.

Tyson entered into the fourth amendment on June 8.

Proceeds from the borrowings were used, in part, to fund an acquisition and for other general corporate purposes.

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

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