US meat group Tyson Foods has announced an exchange offer for US$810m of its outstanding 10.50% senior notes due 2014.


The offer is necessary to fulfil obligations under the registration rights agreement the company entered into with the sale of the original notes, it said yesterday (22 July).


Tenders of the original notes must be made before the exchange offer expires on 21 August, and may be withdrawn at any time before the exchange offer expires.


Terms of the new notes are identical to those of the original notes, except that the transfer restrictions, registration rights and special interest provisions relating to the original notes do not apply to the new notes.


Tyson was last week fined for “wilfully violating” safety regulations that led to a worker’s death at its River Valley Animal Foods plant in Texarkana, Arkansas.

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

A US District Court in Arkansas ordered the meat company to pay the maximum fine of US$500,000 and serve a one-year probation.

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