Lamb Weston completes $1.6 billion offering of Senior Notes

Client(s) Lamb Weston Holdings, Inc.

Jones Day represented Lamb Weston Holdings, Inc. in connection with (i) its, along with certain selling noteholders', private placement offering of $833 million aggregate principal amount of its 4.625% Senior Notes due 2024 and $833 million aggregate principal amount of its 4.875% Senior Notes due 2026, and (ii) the subsequent exchange by Conagra Brands, Inc., formerly ConAgra Foods, Inc., of Lamb Weston Holdings, Inc. notes for notes belonging to Conagra Brands, Inc. Lamb Weston intends to use the net proceeds of the issuance of the notes being offered by it to partially fund a cash payment to Conagra Brands, Inc. in connection with Lamb Weston Holdings, Inc.'s recent spinoff.

Lamb Weston Holdings, Inc., which was recently spun off from Conagra Brands, Inc., is a leading supplier of frozen potato, sweet potato, appetizer, and vegetable products to restaurants and retailers around the world. For more than 60 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for our customers and make eating more delicious for their customers. Lamb Weston Holdings, Inc. is headquartered in Eagle, Idaho and traded on the New York Stock Exchange under the symbol "LW."