-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TwV5VrfYb5wvHRLwCgdZiGekI8XpyhcjKotlEMeVIAEbamtb4luuYCQbi5wojE0o 3CR/jcyGS+phRDMzItpt4Q== 0000950137-09-002651.txt : 20090406 0000950137-09-002651.hdr.sgml : 20090406 20090406172501 ACCESSION NUMBER: 0000950137-09-002651 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090406 DATE AS OF CHANGE: 20090406 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONAGRA FOODS INC /DE/ CENTRAL INDEX KEY: 0000023217 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 470248710 STATE OF INCORPORATION: DE FISCAL YEAR END: 0508 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-155665 FILM NUMBER: 09735828 BUSINESS ADDRESS: STREET 1: ONE CONAGRA DR CITY: OMAHA STATE: NE ZIP: 68102 BUSINESS PHONE: 4025954000 MAIL ADDRESS: STREET 1: ONE CONAGRA DRIVE CITY: OMAHA STATE: NE ZIP: 68102 FORMER COMPANY: FORMER CONFORMED NAME: CONAGRA INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NEBRASKA CONSOLIDATED MILLS CO DATE OF NAME CHANGE: 19721201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONAGRA FOODS INC /DE/ CENTRAL INDEX KEY: 0000023217 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 470248710 STATE OF INCORPORATION: DE FISCAL YEAR END: 0508 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE CONAGRA DR CITY: OMAHA STATE: NE ZIP: 68102 BUSINESS PHONE: 4025954000 MAIL ADDRESS: STREET 1: ONE CONAGRA DRIVE CITY: OMAHA STATE: NE ZIP: 68102 FORMER COMPANY: FORMER CONFORMED NAME: CONAGRA INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NEBRASKA CONSOLIDATED MILLS CO DATE OF NAME CHANGE: 19721201 FWP 1 c50362f2fwp.htm FWP fwp
Filed Pursuant to Rule 433
Registration No. 333-155665
April 6, 2009
CONAGRA FOODS, INC.
Pricing Term Sheet
         
    5.875% Senior Notes due 2014   7.000% Senior Notes due 2019
         
Issuer:   ConAgra Foods, Inc.
         
Size:   $500,000,000   $500,000,000
         
Maturity:   April 15, 2014   April 15, 2019
         
Coupon (Interest Rate):   5.875%   7.000%
         
Yield to Maturity:   5.885%   7.057%
         
Spread to Benchmark Treasury:   + 400 bps   + 412.5 bps
         
Benchmark Treasury:   UST 1.750% due March 31, 2014   UST 2.750% due February 15, 2019
         
Benchmark Treasury Yield:   1.885%   2.932%
         
Interest Payment Dates:   April 15 and October 15, commencing October 15, 2009
         
Make-Whole Call:   T + 50 bps   T + 50 bps
         
Price to Public:   99.957%   99.596%
         
Trade Date:   April 6, 2009
         
Settlement Date:   April 14, 2009
         
CUSIP:   205887BE1   205887BF8
         
Anticipated Ratings:   Baa2 (stable outlook) by Moody’s Investors Service, Inc.
BBB (stable outlook) by Standard & Poor’s Ratings Services
BBB (stable outlook) by Fitch Ratings
         
Use of Proceeds:   ConAgra Foods expects to receive net proceeds (after deducting underwriting discounts but before deducting expenses of the offering) of $991,515,000 from this offering. It intends to use the net proceeds from the offering to purchase up to $600 million aggregate principal amount of three series of its outstanding senior notes in cash tender offers that it commenced today and the repayment of other debt, as well as other general corporate purposes, which may include contributions to its pension plans. If the tender offers are not completed, ConAgra Foods intends to use the net proceeds for such general corporate purposes. ConAgra Foods may, in its sole discretion, increase the aggregate principal amount of senior notes it offers to repurchase in the tender offers.
         
Joint Book-Running Managers   Banc of America Securities LLC, J.P. Morgan Securities Inc.
         
Co-Managers   BNP Paribas Securities Corp., Morgan Stanley & Co. Incorporated,
RBS Securities Inc., Wachovia Capital Markets, LLC

 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. collect at 212-834-4533 or Banc of America Securities LLC toll-free at 1-800-294-1322.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers were automatically generated as a result of this communication being sent via email or another communication system.

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