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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01. | Other Events. |
On October 19, 2021, Lamb Weston Holdings, Inc. (the “Company”) announced the commencement and subsequent pricing of a private offering of $970.0 million aggregate principal amount of 4.125% senior notes due 2030 (the “2030 Notes”) and $700.0 million aggregate principal amount of 4.375% senior notes due 2032 (the “2032 Notes” and, together with the 2030 Notes, the “Notes”). The closing of the offering of the Notes is expected to occur on or about November 8, 2021, subject to customary closing conditions. 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 (the “2024 Notes”) and 4.875% Senior Notes due 2026 (the “2026 Notes”). On October 19, 2021, the Company also issued conditional notices of redemption for the 2024 Notes and the 2026 Notes stating that such notes will be redeemed on November 18, 2021 at the prices noted in the notices. The obligation of the Company to redeem the 2024 Notes and the 2026 Notes is conditioned on the consummation of the offering of the Notes. Pursuant to Rule 135c under the Securities Act of 1933 (the “Securities Act”), the Company is filing herewith the press releases issued on October 19, 2021 as Exhibits 99.1 and 99.2 hereto. Such press releases are incorporated herein by reference.
This Current Report on Form 8-K does not constitute an offer to sell, nor a solicitation of an offer to buy, the Notes or any other securities. The Notes will not be and have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This Current Report on Form 8-K does not constitute a notice of redemption with respect to the 2024 Notes or 2026 Notes.
| Item 9.01. | Financial Statements and Exhibits. |
|
Exhibit |
Description | |
| 99.1 | Press Release of Lamb Weston Holdings, Inc. dated October 19, 2021 | |
| 99.2 | Press Release of Lamb Weston Holdings, Inc. dated October 19, 2021 | |
| 104 |
Cover Page Interactive Data File (cover page XBRL tags embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LAMB WESTON HOLDINGS, INC. | |||
| By: | /s/ Eryk J. Spytek | ||
|
Name: |
Eryk J. Spytek | ||
| Title: | Senior Vice President, General Counsel and Chief Compliance Officer | ||
Dated: October 19, 2021
