Davis Polk advised Tyson Foods, Inc. in connection with its SEC-registered offerings of $2.75 billion aggregate principal amount of senior notes in four series, consisting of $300 million aggregate principal amount of floating-rate senior notes due 2019, $350 million aggregate principal amount of floating-rate senior notes due 2020, $1.35 billion aggregate principal amount of 3.550% senior notes due 2027 and $750 million aggregate principal amount of 4.550% senior notes due 2047. The net proceeds from the offerings were approximately $2.72 billion, which Tyson Foods intends to use to partially finance its acquisition of AdvancePierre Foods Holdings, Inc. and to pay related fees and expenses.

Tyson Foods, with headquarters in Springdale, Arkansas, is one of the world’s largest food companies with brands such as Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair. It’s a recognized market leader in beef, pork and chicken, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings and tortillas.

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Derek Dostal and associates Martin Oberst and Ian K. Dummett. The tax team included partner Neil Barr and associates William A. Curran and Aliza Slansky. Associate Colleen Blanco provided Investment Company Act of 1940 advice. Counsel Betty Moy Huber and associate Daisy Wu provided environmental advice. All members of the Davis Polk team are based in the New York office. 

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