USA: Hormel Foods to offer $350 million of ten-year notes
Hormel Foods Corporation (NYSE: HRL) announced today that it is proposing to conduct, subject to market conditions, a $350 million offering of intermediate-term notes to repay a portion of outstanding borrowings under its credit facility originally borrowed to finance the acquisition of The Turkey Store Company in February 2001. The offering is anticipated to close in early June 2001. The offering is being made only to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933 and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act.
The notes being offered have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This notice does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer of sale would be unlawful and is furnished for information purposes only.
Companies: Hormel Foods
Hormel Foods Corporation, the multinational marketer of consumer-branded meat and food products, has reported fiscal 2006 first quarter net earnings of US$69.3m, up 7% from last year. Diluted earnings...
US consumer-branded meat and food products firm Hormel Foods has reported fourth quarter net earnings of $81.7m, up from of $69.8m a year earlier. Sales totalled $1.5bn, up from $1.3bn in fiscal 2004....
US consumer-branded meat and food products firm Hormel Foods has increased its fourth-quarter earnings guidance, boosted by better-than-expected results from the Jennie-O Turkey Store and grocery prod...
US food maker Hormel Foods has named Jeffrey Ettinger to be the company's ninth chief executive officer....
US food company Hormel Foods has reported lower third-quarter profit but said the outlook for the business was good going into the fourth quarter....
The domestic operations of Philippines food company San Miguel have posted a second quarter operating income of 800m pesos (US$14.3m) for the second quarter, four times the first quarter result and 27...
Food processor Hormel Foods has announced the retirement of two senior executives and a series of management changes to follow those retirements....
Food processor Hormel Foods is ceasing the use of chemical preservatives to process one of its sliced meats lines....
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