This report does not constitute a rating action. CHICAGO (S&P Global Ratings) May 13, 2025--S&P Global Ratings today said that its ratings on Wayne-Sanderson Farms LLC (BB/Stable/--) are unchanged following the company's proposed amendment to its recently refinanced senior secured facilities, which comprise a $1.0 billion revolving credit facility maturing May 2030, an $800 million term loan A-1 maturing May 2030, and a $1.0 billion term loan A-2 maturing May 2032. As part of the amendment, Wayne-Sanderson proposes issuing a new $500 million senior secured term loan B maturing May 2032. The terms of the proposed term loan B are consistent with those of the refinancing transaction we rated on March 31, 2025, which the company subsequently delayed until now
