Why Is Tyson Foods (TSN) Issuing $1 Billion In Notes And Tendering Debt?

Tyson Foods (NYSE: TSN) announces a US$1b senior notes offering alongside US$1.2b in debt tender offers. The company plans to use the new senior notes to refinance portions of its existing debt obligations. The combined transactions are intended to adjust Tyson Foods' capital structure and debt maturity profile. For readers looking beyond Tyson Foods and wanting more ideas in a similar corner of the market, the next place to explore is screener containing 21 high quality undiscovered...