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8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed Jun 28, 2024 · 2y ago · Accession 0000100493-24-000091

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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 TYSON FOODS, INC. (Exact name of Registrant as specified in its charter) Delaware 001-14704 71-0225165 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 2200 West Don Tyson Parkway, Springdale, Arkansas 72762-6999 (Address of Principal Executive Offices) (Zip Code) (479) 290-4000 (Registrant's telephone number, including area code) Not applicable (Former name or former address, if changed since last report) ___________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A Common Stock Par Value $ 0.10 TSN New York Stock Exchange Class B stock is not publicly listed for trade on any exchange or market system. However, Class B stock is convertible into Class A stock on a share-for-share basis. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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 A mended and Restated Term Loan Ag reement, dated June 26, 2024, between Tyson Foods, Inc. and Bank of America, N. A ., as lender and administrative agent. 104 Cover Page Interactive Data File formatted in iXBRL. 2 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 3
Filing details
Ticker
TSN
CIK
100493
Form type
8-K
Filing date
Jun 28, 2024
Report date
Jun 26, 2024
Document
tsn-20240626.htm
Size
1009 KB