Lamb Weston Holdings, Inc. Form 8-K Filing

Lamb Weston Holdings, Inc. (the "Company") announced through its wholly-owned subsidiary, Ulanqab Lamb Weston Food Co., Ltd. ("LW Ulanqab"), the entry into a new RMB 700,000,000 (approximately USD 102,940,000) term loan facility. This facility, dated May 19, 2026, will be used to refinance existing indebtedness under a previous agreement and matures on May 22, 2031. Borrowings under the new facility will bear interest at the PRC prime rate for five-year loans plus a 0.30% margin. Amortization payments are scheduled to begin six months after the initial borrowing, with the remaining balance due on the maturity date. The Company provides an unconditional guarantee for LW Ulanqab's obligations under this new facility. The agreement includes standard covenants for PRC credit facilities, covering aspects like mergers, consolidations, and asset sales, and allows for acceleration upon events of default. This new facility replaces LW Ulanqab's 2022 facility agreement, which was repaid and terminated on May 22, 2026, in conjunction with the new borrowing.