Smithfield begins debt offering
June 19, 2007
by FoodBusinessNews.net Staff
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.