June 2021

Hormel Issues $2.3 Billion of Debt Securities in Underwritten Public Offering

Hormel Foods Corporation successfully issued and sold $2.3 billion of unsecured debt securities in an underwritten public offering. Completed on June 3, 2021, this round of financing helped Hormel fund its June 2021 acquisition of the Planters® snacking portfolio from the Kraft Heinz Company while also placing the global food company in a strong position for future corporate financing needs. Faegre Drinker’s capital markets attorneys represented Hormel in the financing.

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