Smithfield Foods to repay revolver debt with bond proceeds

By Sara Rosenberg

New York, June 19 - Smithfield Foods Inc. plans to repay debt under its revolving credit facility using proceeds from a proposed $500 million senior notes offering, according to a 424B5 filed with the Securities and Exchange Commission Tuesday.

Smithfield Foods is a Smithfield, Va.-based hog producer and pork processor.

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