Tyson Foods buys back $790M in debt

AP News
Posted: Jun 13, 2012 3:08 PM
Tyson Foods buys back $790M in debt

Tyson Foods Inc. said Wednesday that it bought back $790.1 million in debt due in 2014.

The company said it bought approximately 97.5 percent of the notes. It announced the tender offer June 6 and is funding the repurchase with a public offering of $1 billion in debt due in 2022.

Shares of Tyson Foods rose 2 cents to $18.93 in afternoon trading.