Cases & Deals

ConAgra obtains $6 billion financing for acquisition of Ralcorp Holdings

Client(s) ConAgra Foods, Inc.

Jones Day represented ConAgra Foods, Inc., a leading branded foods company, in connection with the negotiation and documentation of a $1.5 billion unsecured five year term loan, which facility may be increased to up to $2 billion, and a $4.5 billion unsecured 364-day bridge loan, with Bank of America, N.A. as administrative agent. The term loan agreement and the bridge loan agreement were entered into to finance the acquisition of Ralcorp Holdings, Inc., a manufacturer and distributor of private-brand food products, by ConAgra Foods, Inc.