Smithfield Foods Aktie
WKN: 876812 / ISIN: US8322481081
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23.07.2013 18:55:00
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Smithfield Foods, Inc. -- Moody's says $100 million upsize of Sun Merger notes does not affect ratings
New York, July 23, 2013 -- In an Issuer Comment published today, Moody's Investors Service ("Moody's") stated that last week's $100 million increase to Sun Merger Sub, Inc.'s ("Sun Merger") note offering to $900 million from $800 million does not affect the ratings of Sun Merger or Smithfield Foods, Inc. ("Smithfield"). Proceeds from the offering will partially fund the pending $7.1 billion leveraged acquisition of Smithfield by Shuanghui International Holdings Limited ("Shuanghui"), the parent of Sun Merger.
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