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Conagra Brands grosses $500.0 million from debt offering

Conagra Brands Inc. raised gross proceeds of $500.0 million from an offering of floating rate senior unsecured notes due Oct. 9, 2020.

The company plans to use the proceeds for general corporate purposes or working capital, redemption or repayment of debt securities, and repurchase of securities.

Barclays Capital Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Wells Fargo Securities LLC were the lead underwriters.