The investment-grade notes are due 2027

Davis Polk advised the joint book-running managers and representatives of the several underwriters on an SEC-registered offering by Hormel Foods Corporation of $500 million principal amount of 4.800% notes due 2027.

Hormel Foods is primarily engaged in the production of a variety of meat and food products and the marketing of those products throughout the United States and internationally. Hormel Foods has continually expanded their product portfolio through organic growth, new product development and acquisitions.

The Davis Polk capital markets team included partner Derek Dostal and associate Javier Félix. Partner Mario J. Verdolini and associate April Filtz provided tax advice. The environmental team included counsel Loyti Cheng and associate Timothy J. Sullivan. All members of the Davis Polk team are based in the New York office.