Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Lamb Weston : Announces Proposed Private Offering of $835,000,000 of Senior Notes due 2030 and $835,000,000 of Senior Notes due 2032

10/19/2021 | 08:48am EST

Lamb Weston Holdings, Inc. (NYSE: LW) (referred to as “Lamb Weston” or the “Company”) announced today that it is planning, subject to market and other conditions, to offer a total of $835.0 million aggregate principal amount of its senior notes due 2030 (the “2030 Notes”) and $835.0 million aggregate principal amount of its senior notes due 2032 (the “2032 Notes” and, together with the 2030 Notes, the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). It is expected that the Notes will be guaranteed by the Company’s material domestic subsidiaries.

The Company intends to use the net proceeds of the issuance of the Notes, together with available cash, to redeem all of its outstanding 4.625% Senior Notes due 2024 and 4.875% Senior Notes due 2026.

This is not an offer to sell or the solicitation of an offer to buy any securities. The Notes and related guarantees are being offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws. This press release does not constitute a notice of redemption with respect to the Company’s 4.625% Senior Notes due 2024 or 4.875% Senior Notes due 2026.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Words such as “plan,” “offer,” “expect,” “will,” “intend,” “redeem,” and variations of such words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the offering and sale of the Notes and the redemption of certain of the Company’s existing notes. These forward-looking statements are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Readers of this press release should understand that these statements are not guarantees of performance or results. Many factors could affect the Company’s actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements, including those set forth in this press release. These risks and uncertainties include, among other things: impacts on the Company’s business due to health pandemics or other contagious outbreaks, such as the COVID-19 pandemic, including impacts on demand for its products, increased costs, disruption of supply or other constraints in the availability of key commodities and other necessary services; the availability and prices of raw materials; levels of pension, labor and people-related expenses; the Company’s ability to successfully execute its long-term value creation strategies; the Company’s ability to execute on large capital projects, including construction of new production lines or facilities; the competitive environment and related conditions in the markets in which the Company and its joint ventures operate; political and economic conditions of the countries in which the Company and its joint ventures conduct business and other factors related to its international operations; disruption of the Company’s access to export mechanisms; risks associated with possible acquisitions, including the Company’s ability to complete acquisitions or integrate acquired businesses; its debt levels; changes in the Company’s relationships with its growers or significant customers; the success of the Company’s joint ventures; actions of governments and regulatory factors affecting the Company’s businesses or joint ventures; the ultimate outcome of litigation or any product recalls; the Company’s ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; and other risks described in the Company’s reports filed from time to time with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements included in this press release, which speak only as of the date of this press release. The Company undertakes no responsibility for updating these statements, except as required by law.

ę Business Wire 2021
01/17Lamb Weston Announces Steven J. Younes, Chief Human Resources Officer
01/17Lamb Weston Appoints Steven J. Younes as Chief Human Resources Officer
01/06US Stocks Slip Amid Mixed Economic Data Ahead of Friday's Employment Report
01/06Conagra, Humana fall; Stitch Fix, Lamb Weston rise
01/06US Stocks Slide as Investors Digest Fed Minutes, Mixed Data Ahead of Friday's Employmen..
01/06Consumer Staples Higher, Discretionary Stocks Slip
01/06Lamb Weston Sees Fiscal 2022 Revenue Growth Above Long-Term Target as Second Quarter To..
01/06Equities Mixed Monday, Pressured by Federal Reserve Minutes
01/06MIDDAY REPORT : US Stocks Mixed Amid Hawkish Federal Reserve Minutes
More news
Analyst Recommendations on LAMB WESTON HOLDINGS, INC.
More recommendations
Financials (USD)
Sales 2022 4 051 M - -
Net income 2022 204 M - -
Net Debt 2022 2 334 M - -
P/E ratio 2022 45,0x
Yield 2022 1,51%
Capitalization 9 299 M 9 299 M -
EV / Sales 2022 2,87x
EV / Sales 2023 2,71x
Nbr of Employees 7 800
Free-Float -
Duration : Period :
Lamb Weston Holdings, Inc. Technical Analysis Chart | LW | US5132721045 | MarketScreener
Technical analysis trends LAMB WESTON HOLDINGS, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 8
Last Close Price 64,04 $
Average target price 74,00 $
Spread / Average Target 15,6%
EPS Revisions
Managers and Directors
Thomas P. Werner President, Chief Executive Officer & Director
Bernadette M. Madarieta Chief Financial Officer & Senior Vice President
William G. Jurgensen Non-Executive Chairman
Eryk J. Spytek Chief Compliance Officer, SVP & General Counsel
Charles A. Blixt Independent Director
Sector and Competitors