USA: Smithfield Foods sells $300 million in notes
Smithfield Foods, Inc. announced that it has sold $300 million aggregate principal amount of its senior unsecured notes due 2009. The offered notes will bear interest at a fixed rate of 8%. The company is offering the notes in reliance on an exemption from registration for offers and sales of securities that do not involve a public offering. The offering and sale of the notes have not been registered under the Securities Act of 1993, as amended, and the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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