UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On July 13, 2021, Conagra Brands, Inc. (“Conagra”) entered into Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement, dated as of July 11, 2018 (the “Existing Credit Agreement”, and as amended by the Amendment, the “Amended Credit Agreement”), by and among Conagra, the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent for the lenders. The Amendment (i) modifies the Existing Credit Agreement’s consolidated funded debt to EBITDA financial covenant (to require a ratio of not greater than 4.50:1.00 on a rolling four fiscal quarter basis) and lien covenant and (ii) makes certain other market updates to the Existing Credit Agreement; all other material provisions thereof remain unchanged.
Certain of the lenders party to the Amended Credit Agreement, and their respective affiliates, have performed, and may in the future perform, for Conagra and its subsidiaries various commercial banking, investment banking, underwriting and other financial advisory services, for which they have received, or may receive, customary fees and expense reimbursements.
SIGNATURES
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.
| CONAGRA BRANDS, INC. | ||
| By: | /s/ Colleen Batcheler | |
| Name: Colleen Batcheler | ||
| Title: Executive Vice President, General Counsel | ||
| and Corporate Secretary | ||
Date: July 13, 2021