Fitch gives Conagra notes BBB-

Fitch Ratings said it gave a BBB- rating to Conagra Brands, Inc.'s planned two-year $500 million offering of senior unsecured notes. The notes will be callable at par in one year.

The company will use the proceeds to term out commercial paper borrowings of $705.7 million outstanding at the end May 2021. Therefore, Fitch said it expects the debt issuance to be a leverage-neutral event.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.