Tyson Prices $1.2B Debt Tender, Sets Early Settlement for Aug 26
TSN is trading near its 52-week low of $50.56 (15% above the low) on light trading volume (0.4× avg).
Summary
Tyson Foods announced pricing terms for its previously announced debt tender offers, accepting $1.2 billion in notes across three series. The company will pay $994.87 per $1,000 for 3.550% notes due 2027, $1,019.77 for 5.400% notes due 2029, and $994.24 for 4.350% notes due 2029, with a 43.48% proration on the latter. The 5.400% 2029 sub-cap was eliminated, and the financing condition has been satisfied. Early settlement is set for August 26, 2026. This follows the August 10 launch of the tender offer and the $1 billion note issuance to fund it, as part of Tyson's broader debt management amid beef segment losses and restructuring.
At the time of this announcement, TSN was trading at $57.96 on NYSE in the Trade & Services sector, with a market capitalization of approximately $20B. The 52-week trading range was $50.56 to $69.48. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.