Tyson Foods has renegotiated a line of credit with JP Morgan Chase Bank that provides up to $ 2.25 billion in credit through September 2026. The agreement requires Tyson to maintain its ratio of gross profit to consolidated interest expense at 3.5 to 1 at the end of each fiscal quarter.

Tyson said he also used cash to repay all outstanding obligations under the company’s existing term loan agreement, dated March 22, 2021, which was worth around $ 500 million, according to the file filed Monday, October 4 with the US Securities and Exchange Commission.

The company also continues to settle the antitrust pricing cases brought against it and most of the poultry industry five years ago. Tyson agreed last week to pay $ 42.5 million to cover pricing charges imposed by some of its customers. This case was filed in the Northern District of Illinois and also involved Pilgrim’s and Mar-Jac poultry, which paid $ 44 million and $ 5.99 million, respectively. Tyson Food did not respond to multiple requests for comment on the recent $ 42.5 million settlement.

In January, Tyson set aside $ 221.5 million to settle all outstanding categories of the pricing litigation and now, several class actions are underway for consumers seeking a portion of the overpayment made on the prices. chicken purchases from 2008 to 2016. There are also class actions. open to investors who purchased Tyson shares from March 13, 2020 through September 20, 2021, who may have suffered share losses related to the litigation. Tyson said in January that the settlement was in the best interests of shareholders and stakeholders, but that it does not constitute an admission of liability.

Tyson initially said he would fight the charges and defend his innocence by claiming he fired the instigators who participated in the scheme.

Shares of Tyson Foods (NYSE: TSN) closed Monday at $ 78.08, down 21 cents. Over the past 52 weeks, Tyson shares have traded from a low of $ 55.82 to a high of $ 82.45.