Lamb Weston announces proposed private placement of $ 835,000,000 of Senior Notes due 2030 and $ 835,000,000 of Senior Notes due 2032


EAGLE, Idaho, October 19, 2021– (BUSINESS WIRE) –Lamb Weston Holdings, Inc. (NYSE: LW) (called “Weston Lamb“or the”Society“) announced today that it plans, subject to market and other conditions, to offer a total aggregate principal amount of $ 835.0 million of its Senior Notes due 2030 ( the “2030 Notes“) and $ 835.0 million in aggregate principal amount of its Senior Notes due 2032 (the”2032 tickets“and, together with the 2030 Notes, the”Remarks“) in connection with a private offering which is exempt from the registration requirements of the Securities Act of 1933, as amended (the”Securities ActIt is expected that the Notes will be guaranteed by the principal national subsidiaries of the Company.

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

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

Forward-looking statements

This press release contains forward-looking statements within the meaning of federal securities laws. Words such as “plan”, “offer”, “expect”, “intend to”, “use” and variations of such words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, without limitation, 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 differ materially from the expectations contained in forward-looking statements, including those set forth in this press release. These risks and uncertainties include, among others: impacts on the Company’s activities due to health pandemics or other contagious epidemics, such as the COVID-19 pandemic, including impacts on demand for its products, increasing costs, disruption of supply or other constraints in the availability of commodities and other necessary services; the availability and prices of raw materials; levels of retirement, labor and people-related expenses; the Company’s ability to successfully execute its long-term value creation strategies; the Company’s ability to execute large investment projects, including the 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 in the countries in which the Company and its joint ventures operate and other factors relating 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 level of debt; changes in the Company’s relationship with its major producers or customers; the success of the Company’s joint ventures; government actions and regulatory factors affecting the Company’s business or joint ventures; the end result of litigation or any product recall; 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 from time to time filed 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 assumes no responsibility for updating these statements, except as required by law.

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Investor Relations:
Dexter Congbalay
[email protected]

Shelby stool
[email protected]


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