New Issue-Smithfield Foods sells $1 bln notes

Wed Jul 18, 2012 4:59pm EDT

July 18 (Reuters) - Smithfield Foods, Inc. on
Wednesday sold $1 billion of senior unsecured notes, said IFR, a
Thomson Reuters service. 
    Barclays and Goldman Sachs were the joint bookrunning
managers for the sale.

BORROWER: SMITHFIELD FOODS

AMT $1 BLN      COUPON 6.625 PCT   MATURITY    08/15/2022
TYPE SR NTS     ISS PRICE 99.50    FIRST PAY   02/15/2013
MOODY'S B1      YIELD 6.694 PCT    SETTLEMENT  08/01/2012   
S&P DOUBLE-B    SPREAD 515 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A       MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS