US meat group Smithfield Foods has commenced an underwritten registered public offering of US$250m of shares of its common stock.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the offered amount of common stock to cover over-allotments, if any.


Morgan Stanley, Goldman, Sachs & Co., Barclays Capital, and JP Morgan are the joint book-running managers of the offering.


The company said it intends to use the net proceeds from the offering for working capital and general corporate purposes, with a goal of continuing to strengthen its balance sheet, which may include the retirement of debt.


The offering is being made pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on 14 June 2007.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now