Tyson Foods Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$TSN
Meat/Poultry/Fish
Consumer Staples
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): June 26, 2024
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Item 1.01 Amendment of a Material Definitive Agreement
Effective June 26, 2024, Tyson Foods, Inc. (the “Company”) amended and restated its Term Loan Agreement, dated May 3, 2023, with the lenders party thereto and Bank of America, N.A. as administrative agent (the “Term Loan Agreement”). Under the terms of the Amended and Restated Term Loan Agreement, interest on borrowings thereunder will accrue and be payable at a rate equal to (a) Term SOFR (as defined therein) plus 1.05% per annum, or (b) the Alternate Base Rate (as defined therein) plus 0.05% per annum.
The Amended and Restated Term Loan Agreement does not include any other material changes to the terms and conditions of the Term Loan Agreement, representations and warranties, events of default, or affirmative and negative covenants.
The foregoing description of the Amended and Restated Term Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Amended and Restated Term Loan Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 is incorporated by reference to this Item 2.03.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits
Exhibit Number | Description | ||||
| 10.1 | |||||
| 104 | Cover Page Interactive Data File formatted in iXBRL. | ||||
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TYSON FOODS, INC. | |||||||||||
| Date: June 28, 2024 | By: | /s/ Curt T. Calaway | |||||||||
| Name: | Curt T. Calaway | ||||||||||
| Title: | interim Chief Financial Officer | ||||||||||
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