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Pinnacle Foods redeems $350M notes due 2024

Parsippany, N.J.-based Pinnacle Foods Inc. said Oct. 5 that it will redeem its outstanding $350 million 5.875% senior notes due 2024 at a price equal to 100% of the aggregate principal amount of the notes, plus accrued and unpaid interest.

The redemption is conditioned upon the completion of Conagra Brands Inc.'s proposed acquisition of Pinnacle Foods.