Debt Issuance Boosted For $7B Smithfield Buyout

Law360, New York (July 19, 2013, 6:28 PM EDT) -- A Chinese pork giant on Friday upsized a debt offering that will help support its $7.1 billion acquisition of Smithfield Foods Inc., a cross-border deal currently working its way through a closely watched U.S. regulatory process.

Shuanghui International Holdings Ltd. will issue $900 million in senior notes, rather than the planned $800 million. It will be in two tranches, a $500 million series paying 5.25 percent and maturing in 2018 and a $400 million series paying 5.875 percent due in 2021. Both will be offered to...
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