AI English summary of an SEC filing — figures as filed
Tyson Foods TSNOn December 12, 2025, Tyson Foods entered into a Loan Agreement with CoBank, ACB as administrative agent, which replaced the Company's existing 2023 Term Loan Agreement. Concurrent with entry into the Loan Agreement, the Company repaid all outstanding borrowings and interest due under the prior agreement as of the effective date and terminated all commitments thereunder.
Key points
AI summaryOn December 12, 2025, Tyson Foods entered into a Loan Agreement with CoBank, ACB as administrative agent, which replaced the Company's existing 2023 Term Loan Agreement. Concurrent with entry into the Loan Agreement, the Company repaid all outstanding borrowings and interest due under the prior agreement as of the effective date and terminated all commitments thereunder.
The Company said the replaced 2023 Term Loan Agreement had provided for aggregate commitments of $750 million and had outstanding borrowings of $440 million as of December 12, 2025.
The Company said the new Loan Agreement provides for a senior unsecured revolving credit facility with aggregate commitments of $750 million that matures on the 3rd anniversary of the Effective Date. It may make a Term-Out Election, with at least ten business days' notice prior to the Revolving Facility Maturity Date, to convert all or part of the outstanding borrowings under the revolving credit facility into one or more of Tranche A, B, C or D term loans that will mature 1, 3, 5 or 7 years, respectively, after the Revolving Facility Maturity Date.
The Company said interest on borrowings under the Loan Agreement will accrue and be payable, at the Company's option, at an annual rate equal to the Term SOFR Rate or Daily Simple SOFR Rate plus an applicable spread or an alternate base rate plus an applicable spread, with the spread linked to the Company's corporate credit rating from S&P or Moody's. The Company must maintain a minimum interest expense coverage ratio of at least 3.50 to 1.0 as of the end of each fiscal quarter, calculated on a trailing 4 fiscal quarter basis.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Entry into New Loan Agreement and Repayment and Termination of 2023 Term Loan Agreement
On December 12, 2025, Tyson Foods entered into a Loan Agreement with CoBank, ACB as administrative agent, which replaced the Company's existing 2023 Term Loan Agreement. Concurrent with entry into the Loan Agreement, the Company repaid all outstanding borrowings and interest due under the prior agreement as of the effective date and terminated all commitments thereunder.
Source · Based on the filing body and exhibits
Aggregate Commitments and Outstanding Borrowings of Existing 2023 Term Loan Agreement
The Company said the replaced 2023 Term Loan Agreement had provided for aggregate commitments of $750 million and had outstanding borrowings of $440 million as of December 12, 2025.
Source · Based on the filing body and exhibits
Size, Maturity and Term-Out Election of New Senior Unsecured Revolving Credit Facility
The Company said the new Loan Agreement provides for a senior unsecured revolving credit facility with aggregate commitments of $750 million that matures on the 3rd anniversary of the Effective Date. It may make a Term-Out Election, with at least ten business days' notice prior to the Revolving Facility Maturity Date, to convert all or part of the outstanding borrowings under the revolving credit facility into one or more of Tranche A, B, C or D term loans that will mature 1, 3, 5 or 7 years, respectively, after the Revolving Facility Maturity Date.
Source · Based on the filing body and exhibits
Interest Rate Structure and Interest Expense Coverage Ratio Covenant of New Loan Agreement
The Company said interest on borrowings under the Loan Agreement will accrue and be payable, at the Company's option, at an annual rate equal to the Term SOFR Rate or Daily Simple SOFR Rate plus an applicable spread or an alternate base rate plus an applicable spread, with the spread linked to the Company's corporate credit rating from S&P or Moody's. The Company must maintain a minimum interest expense coverage ratio of at least 3.50 to 1.0 as of the end of each fiscal quarter, calculated on a trailing 4 fiscal quarter basis.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
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