CAG · 10-K · 2026A · Full report

Outstanding Indebtedness

CONAGRA BRANDS INC. · 2026-07-15 · Importance 58 · Surprise 42 · No source text

During the first quarter of fiscal 2026 Conagra issued $500.0 million of 5.00% senior unsecured notes due August 1, 2030 and $500.0 million of 5.75% senior unsecured notes due August 1, 2035, using proceeds to repay term loans and commercial paper and to fund corporate needs. The company repaid $1.0 billion aggregate principal of 4.60% senior unsecured notes on their November 1, 2025 maturity and reduced commercial paper outstanding to zero as of May 31, 2026 (highest borrowings during fiscal 2026 were $642.0 million). Conagra reports the weighted-average coupon of long-term debt outstanding as of May 31, 2026 was approximately 5.0% and expects to refinance or retire notes maturing in October 2026 ($500.0 million at 5.3% and $262.5 million at 7.125%). Management expects liquidity sources (cash, commercial paper, credit facility, markets) will be sufficient to retire/refinance maturities but notes refinancing is subject to market conditions.

Key facts

• Issued $500.0 million 5.00% senior unsecured notes due August 1, 2030 and $500.0 million 5.75% senior unsecured notes due August 1, 2035 during first quarter of fiscal 2026. source
• We have $500.0 million of 5.3% senior unsecured notes and $262.5 million of 7.125% senior unsecured notes maturing in October 2026 that we expect to pay and/or refinance. source
• Repaid entire $1.0 billion aggregate principal amount of 4.60% senior unsecured notes on maturity date of November 1, 2025 during second quarter of fiscal 2026. source
• No outstanding borrowings under commercial paper as of May 31, 2026 and $259.0 million outstanding as of May 25, 2025; highest level of borrowings during fiscal 2026 was $642.0 million. source
• Weighted-average coupon interest rate of long-term debt obligations outstanding as of May 31, 2026 was approximately 5.0%. source

Impact estimates