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Smithfield Foods Announces Commencement of Debt Offering

by 5m Editor
26 June 2007, at 1:08pm

US - Smithfield Foods, Inc. has announced that it has filed with the Securities and Exchange Commission a registration statement and a preliminary prospectus for a public offering of fixed rate senior unsecured notes.

The size of the offering is expected to be more than $500 million and the net proceeds from it will be used to for debt repayement.

The offering is being marketed through Citigroup Corporate and Investment Banking and J.P. Morgan Securities Inc. and does not constitute an offer to sell or the solicitation of an offer to buy securities.

Smithfield processes and markets fresh pork and processed meats and is one of the North America's leading a pig producers. The company has operations located both in the United States and other countries.

5m Editor