date:Jan 17, 2013
Moodys Investors Service Inc. has assigned Baa2 ratings with a negative outlook to $3.975 billion of senior unsecured debt from ConAgra Foods, Inc.
The debt was issued in connection with the pending acquisition by ConAgra Foods of Ralcorp Holdings, Inc., for $6.8 billion. Moodys said additional sources of funding for the acquisition will be $269 million from a recent common stock offering, $750 million of Ralcorp debt being assumed through a pending exchange offer, and a $1.5 billion five-year