Tyson Announces Proposed Public Offering of Senior Notes

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Tyson Foods, Inc.
TSN
announced today that it has commenced an underwritten public offering of senior notes under its effective shelf registration statement. Tyson intends to use the net proceeds from the offering to fund the repurchase of any and all of its outstanding 10.50% Senior Notes due 2014 in a contemplated tender offer and/or redemption, and for general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Barclays Capital Inc. and Rabo Securities USA, Inc. are acting as joint book-running managers for the offering, and Goldman, Sachs & Co., HSBC Securities (USA) Inc., SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as co-managers for the offering.
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