Tyson Foods Enters Material Definitive Agreement
Ticker: TSN · Form: 8-K · Filed: Jun 28, 2024 · CIK: 100493
| Field | Detail |
|---|---|
| Company | Tyson Foods, Inc. (TSN) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Tyson Foods just signed a big financial deal, filing an 8-K on 6/26.
AI Summary
On June 26, 2024, Tyson Foods, Inc. entered into a material definitive agreement related to a financial obligation. The company, headquartered in Springdale, Arkansas, filed this 8-K report on June 28, 2024, to disclose this event.
Why It Matters
This filing indicates a significant financial commitment or obligation for Tyson Foods, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that require careful monitoring.
Key Players & Entities
- Tyson Foods, Inc. (company) — Registrant
- June 26, 2024 (date) — Date of Earliest Event Reported
- June 28, 2024 (date) — Date of Report
- Springdale, Arkansas (location) — Principal Executive Offices
FAQ
What specific type of material definitive agreement did Tyson Foods, Inc. enter into?
The filing states that Tyson Foods, Inc. entered into a material definitive agreement, and it also falls under the item 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', but the specific details of the agreement are not provided in this excerpt.
What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?
This item signifies that the company has either taken on a new direct financial commitment or has entered into an arrangement that creates an obligation not directly reflected on its balance sheet, both of which are material events.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 26, 2024.
What is Tyson Foods, Inc.'s principal executive office address?
Tyson Foods, Inc.'s principal executive offices are located at 2200 West Don Tyson Parkway, Springdale, Arkansas 72762-6999.
What is the SEC file number for Tyson Foods, Inc.?
The SEC file number for Tyson Foods, Inc. is 001-14704.
Filing Stats: 652 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-06-28 16:55:47
Filing Documents
- tsn-20240626.htm (8-K) — 30KB
- a62824ex101foramendedterml.htm (EX-10.1) — 710KB
- 0000100493-24-000091.txt ( ) — 1009KB
- tsn-20240626.xsd (EX-101.SCH) — 2KB
- tsn-20240626_lab.xml (EX-101.LAB) — 22KB
- tsn-20240626_pre.xml (EX-101.PRE) — 13KB
- tsn-20240626_htm.xml (XML) — 3KB
01 Amendment of a Material Definitive Agreement
Item 1.01 Amendment of a Material Definitive Agreement Effective June 26, 2024, Tyson Foods, Inc. (the "Company") amended and restated its Term Loan Agreement, dated May 3, 2023, with the lenders party thereto and Bank of America, N.A. as administrative agent (the "Term Loan Agreement"). Under the terms of the Amended and Restated Term Loan Agreement, interest on borrowings thereunder will accrue and be payable at a rate equal to (a) Term SOFR (as defined therein) plus 1.05% per annum, or (b) the Alternate Base Rate (as defined therein) plus 0.05% per annum. The Amended and Restated Term Loan Agreement does not include any other material changes to the terms and conditions of the Term Loan Agreement, representations and warranties, events of default, or affirmative and negative covenants. The foregoing description of the Amended and Restated Term Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Amended and Restated Term Loan Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated by reference herein. Item2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth under Item 1.01 is incorporated by reference to this Item 2.03.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 A mended and Restated Term Loan Ag reement, dated June 26, 2024, between Tyson Foods, Inc. and Bank of America, N. A ., as lender and administrative agent. 104 Cover Page Interactive Data File formatted in iXBRL. 2 SIGNATURE 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. TYSON FOODS, INC. Date: June 28, 2024 By: /s/ Curt T. Calaway Name: Curt T. Calaway Title: interim Chief Financial Officer 3