August 12, 2014
A Weil team led by New York partner Matthew Bloch and senior associate Andrew Woodworth advised Morgan Stanley and J.P. Morgan, as lead underwriters, in the $3.25 billion senior notes offering, $900 million common stock offering and $1.5 billion offering of tangible equity units by Tyson Foods, Inc. (Tyson), a producer, distributor and marketer of chicken, beef, pork, prepared foods and related allied products. Net proceeds from these offerings will be used to finance Tyson’s $8.5 billion acquisition of The Hillshire Brands Company, a manufacturer and marketer of meat-centric food products. Weil also advised Morgan Stanley and J.P Morgan in providing $8.2 billion committed bridge financing to Tyson and amending Tyson’s $1 billion revolving credit facility related to this transaction. The acquisition is expected to close by September 27, 2014, subject to customary conditions.
The Weil team advising Morgan Stanley and J.P. Morgan was led by Capital Markets partner Matthew Bloch and senior associate Andrew Woodworth and included Tax partner William Horton, Capital Markets associates Michael Esposito and Daniel Evens, and Tax associate Eric Remijan.