Tyson Announces Proposed Public Offering of Senior Notes
SPRINGDALE, Ark., June 6, 2012 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) announced today that it has commenced an underwritten public offering of senior notes under its effective shelf registration statement. Tyson intends to use the net proceeds from the offering to fund the repurchase of any and all of its outstanding 10.50% Senior Notes due 2014 in a contemplated tender offer and/or redemption, and for general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Barclays Capital Inc. and Rabo Securities USA, Inc. are acting as joint book-running managers for the offering, and Goldman, Sachs & Co., HSBC Securities (USA) Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as co-managers for the offering.
The offering is being made under an effective shelf registration statement on file with the U.S. Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. When available, a copy of the preliminary prospectus supplement and accompanying prospectus relating to this offering may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, 250 Vesey Street, 7th Floor, New York, New York 10080, Attention: Prospectus Department, by calling 800-294-1322 or by email at firstname.lastname@example.org; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention Prospectus Department, or by calling 212-834-4533; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by calling 866-718-1649 or by email at email@example.com; or RBC Capital Markets, LLC, 3 World Financial Center, 200 Vesey Street, 10th Floor, New York, New York, 10281, Attention: High Yield Capital Markets, by calling 877-280-1299 or by email at firstname.lastname@example.org. You may also get these documents for free by visiting EDGAR on the SEC (SCUR) website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Tyson Foods
Tyson Foods, Inc., founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and more than 130 countries. The company has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
The Tyson Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3224
CONTACT: Media Contact: Gary Mickelson 479-290-6111 Investor Contact: Jon Kathol 479-290-4235
Source: Tyson Foods, Inc. 2012 GlobeNewswire, Inc.