Smithfield begins debt offering

by Staff
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SMITHFIELD, VA. — Smithfield Foods Inc. has filed with the Securities and Exchange Commission a registration statement and preliminary prospectus for a public offering of fixed rate senior unsecured notes

The offering is expected to close June 22, and the proceeds will be used to repay existing debts. The offering is expected to be no less than $500 million.

Citigroup Corporate and Investment Banking and J.P. Morgan Securities Inc. are marketing the offering.

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