UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
As previously disclosed, on August 26, 2022, Conagra Brands, Inc. (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”) with Farm Credit Services of America, PCA, as administrative agent and a lender, and the other lenders party thereto, providing for delayed draw term loans to the Company in an aggregate principal amount of up to $500 million.
On September 14, 2022, the Company borrowed the full $500 million aggregate principal amount available under the Term Loan Agreement. The Company currently expects that it will use the proceeds from its borrowings under the Term Loan Agreement, together with borrowings under its commercial paper program, to fund the repayment or redemption of outstanding long-term debt maturing in fiscal year 2023 and for other general corporate purposes.
A copy of the Term Loan Agreement is filed as Exhibit 10.1 hereto. The foregoing description of the Term Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Term Loan Agreement, which is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 10.1 | Term Loan Agreement, dated August 26, 2022, by and among Conagra Brands, Inc., Farm Credit Services of America, PCA, as administrative agent and a lender, and the other lenders party thereto, incorporated herein by reference to Exhibit 10.1 to Conagra Brands, Inc.’s Current Report on Form 8-K filed on August 29, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CONAGRA BRANDS, INC. | ||||
| By: | /s/ Carey L. Bartell | |||
| Name: | Carey L. Bartell | |||
| Title: | Executive Vice President, General Counsel and Corporate Secretary | |||
Date: September 16, 2022