Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

ConAgra Foods Gets $6 Billion Financing for Ralcorp Acquisition

November 28, 2012

ConAgra Foods Inc. (CAG:US), a maker of packaged foods, obtained $6 billion of financing commitments to help pay for its purchase of Ralcorp (RAH:US) Holdings Inc.

Bank of America Corp. has committed $4.5 billion in bridge financing and a $1.5 billion senior unsecured term loan, according to a regulatory filing today.

ConAgra, based in Omaha, Nebraska, has agreed to buy Ralcorp for $5 billion. The deal is valued at about $6.8 billion, including debt, the companies said yesterday in a joint statement distributed by Business Wire.

ConAgra said in the regulatory filing that it may issue other long-term debt or equity, or combination of both, to reduce borrowings under the bridge by the time the merger is completed.

Bridge loans usually mature in one year and are often used as backstops to bond offerings or longer-dated bank debt.

To contact the reporter on this story: Christine Idzelis in New York at

To contact the editor responsible for this story: Faris Khan at

blog comments powered by Disqus