Tyson Foods is selling $500 million of 5.100% senior notes due 2031 and $500 million of 5.600% senior notes due 2037 while launching cash tender offers for up to $1.2 billion of existing notes, a refinancing intended to push out near-term maturities. The offers cover up to $800 million of 3.55% senior notes due 2027, up to $250 million of 5.4% senior notes due 2029 and an unspecified amount of 4.35% senior notes due 2029, with acceptance priority in that order and an extra $30 per $1,000 for notes tendered by 5:00 p.m. ET on August 21, 2026. Tyson expects to set the tender consideration on August 24 using predetermined spreads over specified U.S. Treasury securities; the bond sale is also expected to close that day, the offers expire on September 8 and final settlement is anticipated around September 10, subject to financing and cash conditions. Tyson said the move is meant to smooth cash outflows and reduce refinancing risk, though the added coupons come as beef supply constraints, cost inflation and potential write-downs continue to pressure profitability. Tyson shares slipped on Monday after the announcement.