Tyson Foods and Bank of America entered into a second amendment to an April 7, 2015 term loan agreement under which Tyson borrowed a principal amount of $500 million.

Among other things, this amendment extends the maturity date of the borrowing from April 7, 2019 to August 18, 2020. Additionally, interest on borrowings under the term loan agreement will accrue at an annual rate equal to (a) the Eurocurrency rate plus the applicable spread or (b) the alternate base rate plus the applicable spread.

U.S.-based Tyson Foods is the world’s second largest processor of chicken, beef and pork.