SPRINGDALE, Ark., July 22, 2009 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) today announced an exchange offer for its outstanding 10.50% Senior Notes due 2014. These notes were originally issued March 9, 2009, in a private offering in an aggregate principal amount of $810,000,000. Holders of these notes may exchange them for an equal principal amount of a new issue of 10.50% Senior Notes due 2014 pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission.
Tyson is conducting the exchange offer to fulfill its obligations under the registration rights agreement it entered into in connection with the sale of the original notes. In accordance with the terms of the registration rights agreement, Tyson agreed to file a registration statement with the Securities and Exchange Commission pursuant to which registered notes would be offered in exchange for the original notes. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions, registration rights and special interest provisions relating to the original notes do not apply to the new notes.
The exchange offer will expire at 5 p.m., New York City time, on August 21, 2009, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.
Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, can be obtained from the exchange agent, The Bank of New York Mellon Corporation, 101 Barclay Street - 7 East, New York, N.Y. 10286, Attn: Ms. Carolle Montreuil, telephone (212) 815-5920.
This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of Tyson Foods, Inc. The exchange offer is being made only pursuant to the exchange offer documents, including the prospectus and the letter of transmittal that are being distributed to holders of the original notes and have been filed with the Securities and Exchange Commission.
Tyson Foods, Inc., founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and in more than 90 countries. The company has approximately 107,000 Team Members employed at more than 300 facilities and offices in the United States and around the world.
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