A maker of beef, pork, chicken, and prepared foods, Tyson Foods processes live cattle and hogs into cuts and case-ready products and makes branded frozen and refrigerated foods under names like Jimmy Dean, Hillshire Farm, and Ball Park. Its chicken business is vertically integrated, from breeding stock through contract farmers and feed mills. The company employs a large global workforce and sells in dozens of countries.
Tyson Foods completes $1.0B senior notes offering in two tranches
On August 24, 2026, Tyson Foods issued $500 million of 5.100% Senior Notes due 2031 and $500 million of 5.600% Senior Notes due 2037.
Show detailsHide details
The notes are general senior unsecured obligations ranking equally with existing and future senior unsecured debt.
Interest on the 2031 Notes is payable semiannually on February 24 and August 24, starting February 24, 2027.
Interest on the 2037 Notes is payable semiannually on January 24 and July 24, starting January 24, 2027.
The offering was made under a Form S-3 registration statement and includes customary covenants and event of default provisions.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Tyson Foods announces early tender results and pricing for cash offers to purchase three series of senior notes.
As of the Early Tender Deadline on August 21, 2026, holders had validly tendered $571,260,000 of the 2027 notes, $389,974,000 of the 5.400% 2029 notes, and $542,124,000 of the 4.350% 2029 notes.
Show detailsHide details
Tyson Foods disclosed early tender results for its offers to purchase for cash its 3.550% Senior Notes due 2027, 5.400% Senior Notes due 2029, and 4.350% Senior Notes due 2029.
The company eliminated the 5.400% 2029 Tender Sub-Cap and expects to accept for purchase $571,260,000 of 2027 notes, $389,974,000 of 5.400% 2029 notes, and $235,342,000 of 4.350% 2029 notes (proration factor of 43.48%).
Total Consideration per $1,000 principal is $994.87 for the 2027 notes, $1,019.77 for the 5.400% 2029 notes, and $994.24 for the 4.350% 2029 notes, each including a $30 early tender premium and excluding accrued interest.
Settlement is expected on August 26, 2026, and the offers expire on September 8, 2026; the company does not expect to accept any notes tendered after the Early Tender Deadline because the Maximum Tender Cap of $1.2 billion was exceeded.
The event was reported under Item 8.01 as an other event because it relates to the company's debt tender offers, not to routine business operations.
8-K
Tyson Foods to close two beef facilities and sell Pasco plant
Tyson Foods will end operations at its beef facility in Joslin, Illinois, and its beef and pork case-ready facility in Eagle Mountain, Utah.
Show detailsHide details
The company is pursuing the sale of its beef facility in Pasco, Washington.
Tyson will add a second shift at its Amarillo, Texas beef facility as cattle become available.
The company will anchor its beef business around facilities in Dakota City, Nebraska; Holcomb, Kansas; and Amarillo, Texas.
The restructuring is in response to historic cattle shortages and is intended to maintain similar cattle harvesting levels across a more efficient network.
Tyson Foods prices $1.0B senior notes offering due 2031 and 2037
The offering is expected to close on August 24, 2026, subject to customary closing conditions.
Show detailsHide details
Tyson Foods entered into an underwriting agreement on August 10, 2026 to sell $500 million of 5.100% Senior Notes due 2031 and $500 million of 5.600% Senior Notes due 2037.
Net proceeds will be used to purchase notes tendered in a contemplated tender offer, with any remainder for general corporate purposes.
Joint book-running managers include BofA Securities, J.P. Morgan, Morgan Stanley, Rabo Securities, RBC Capital Markets, Goldman Sachs, and U.S. Bancorp Investments.
The notes are being offered under Tyson's effective shelf registration statement (Registration No. 333-296632).
1.01 Entry into a Material Definitive Agreement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Tyson Foods launches cash tender offers for up to $1.2B of senior notes
The offers target 3.550% Senior Notes due 2027 (up to $800M), 5.400% Senior Notes due 2029 (up to $250M), and 4.350% Senior Notes due 2029 (no sub-cap).
Show detailsHide details
Tyson Foods announced cash tender offers for three series of senior notes with a Maximum Tender Cap of $1.2 billion.
Early tender deadline is August 21, 2026, with expiration on September 8, 2026; early tender premium is $30 per $1,000 principal.
The offers are conditioned on the Financing Condition, requiring net proceeds from a contemporaneous notes offering sufficient to fund repurchases.
Dealer managers are BofA Securities, J.P. Morgan, Morgan Stanley, and Rabo Securities; D.F. King is information and tender agent.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Tyson Foods reports Q3 2026 results with adjusted EPS of $0.99, up 9% from prior year.
Third quarter sales were $13,868 million, flat compared to the prior year.
Show detailsHide details
GAAP operating income was $362 million, up 39% from the prior year.
Adjusted operating income was $547 million, up 8% from the prior year.
GAAP EPS was $0.52, up $0.35 from the prior year; adjusted EPS was $0.99, up 9%.
Fiscal 2026 outlook: total company adjusted operating income of $2.1 billion to $2.3 billion, sales up 2.5% to 3.5%, and free cash flow of $1.3 billion to $1.7 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Tyson Foods enters new employment agreement with Chairman John H. Tyson through 2029
The agreement has an initial term ending September 30, 2029, with automatic renewal for successive three-year terms.
Show detailsHide details
On June 17, 2026, Tyson Foods entered into a Third Amended and Restated Employment Agreement with John H. Tyson, Chairman of the Board, replacing his prior agreement from November 9, 2017.
Mr. Tyson will receive an annual base salary of $3,500,000, an annual incentive target of 300% of base salary, and a long-term incentive target of $6,000,000 (50% performance stock units, 50% restricted stock units).
He will receive a one-time cash incentive of $40,000,000, subject to pro-rata repayment if he resigns without Good Reason or is terminated for Cause before September 30, 2029.
The agreement includes perquisites such as Company aircraft use (300 hours annually for non-passenger flights), personal security services up to $150,000 annually, life insurance premium reimbursement, and a Supplemental Executive Retirement Plan benefit of approximately $175,000 per year.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
8-K
Tyson Foods recasts 2025 Form 10-K financials to reflect segment reporting changes.
Tyson Foods filed an 8-K on June 9, 2026, to recast certain previously reported amounts in its 2025 Form 10-K.
Show detailsHide details
The recast reflects that, starting in Q1 fiscal 2026, the company no longer allocates corporate expenses and amortization to segments.
International is now identified as a reportable segment, bringing the total to five reportable segments: Beef, Pork, Chicken, Prepared Foods, and International.
The recast information is presented in Exhibit 99.1 and does not amend or restate the audited consolidated financial statements in the 2025 Form 10-K.
The filing was made under Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits).
8.01 Other Events · 9.01 Financial Statements and Exhibits