(SeaPRwire) –   NEW BERLIN, N.Y., April 9, 2026 — Chobani, LLC (the “Company” and, along with Chobani Finance Corporation, Inc., “Chobani”), a food and beverage company focused on consistent, profitable growth by making high-quality, nutritious, and delicious food accessible to all while positively impacting communities and the world, today announced the pricing of its previously announced private placement offering (the “offering”). The Company has agreed to issue and sell $800 million in aggregate principal amount of senior notes due April 15, 2034, which will carry an annual interest rate of 6.375% (the “notes”). The total principal amount of notes to be issued in the offering has been increased to $800 million from the previously announced $775 million. The notes will be guaranteed on a senior unsecured basis by the Company’s immediate parent, Chobani Global Holdings, LLC (the “Parent Guarantor”), and by each of the Parent Guarantor’s direct and indirect domestic subsidiaries that are borrowers or guarantors under the Company’s first lien credit agreement or certain capital markets debt. The offering is anticipated to close on April 20, 2026, subject to customary closing and market conditions.

Chobani plans to use the net proceeds from the offering to pay a dividend and to repay a promissory note (including accrued interest) to Chobani Parent, LLC (“Chobani Parent”), an indirect parent of Chobani. Chobani Parent intends to use these funds, along with cash on hand, to redeem all of the 8.750% / 9.500% Senior PIK Toggle Notes due 2029 (the “PIK notes”) of Chobani Holdco II, LLC, a subsidiary of Chobani Parent and an indirect parent of Chobani, and to cover related fees and expenses. Any remaining net proceeds from the offering will be allocated for general corporate purposes.

The notes will represent Chobani’s senior debt and will have the following ranking: equal in right of payment with its and the guarantors’ existing and future senior debt, including under their credit facilities; senior in right of payment to any of Chobani’s or the guarantors’ future subordinated debt; effectively subordinated to all of Chobani’s and the guarantors’ existing and future secured indebtedness, including their credit facilities, to the extent of the collateral value securing such indebtedness; and structurally subordinated to all existing and future indebtedness and other claims and liabilities, including preferred stock, of Chobani’s subsidiaries that will not guarantee the notes.

The notes to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any other state securities laws. Consequently, they may not be offered or sold within the United States or to any U.S. persons, except in accordance with an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the notes will be offered exclusively to persons reasonably believed to be “qualified institutional buyers” under Rule 144A of the Securities Act or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. A confidential offering memorandum for the notes will be made available to such eligible persons. The offering will be conducted according to the terms and conditions outlined in this offering memorandum.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful. This news release is not a notice of redemption for the PIK notes.

Cautionary Statement

Certain statements within this release are considered “forward-looking statements” as defined by applicable securities laws and regulations. These forward-looking statements can typically be identified by words such as “believe,” “intend,” “may,” “will,” “would,” “shall,” and similar terms. By their nature, forward-looking statements address matters that are, to varying degrees, uncertain, including statements concerning the offering, the ability to complete the offering, and other statements that are not historical facts. Specific uncertainties that could cause the Company’s actual results to differ materially from those projected in the Company’s forward-looking statements include, but are not limited to, the factors detailed under “Special Note Regarding Forward-Looking Statements” and “Risk Factors” in Chobani’s offering memorandum.

About Chobani

Chobani is a food company dedicated to making high-quality, nutritious food accessible to more people, while simultaneously improving its communities and contributing to a healthier world. In essence: making good food for everyone. In pursuit of this mission, Chobani operates as a purpose-driven, people-first, food-and-wellness-focused company, a principle it has upheld since its establishment in 2005 by Hamdi Ulukaya, an immigrant to the U.S. The Company produces yogurt, oat milk, and creamers. Chobani yogurt holds the distinction of being America’s No.1 yogurt brand, made with natural ingredients and no artificial preservatives. Following the 2023 acquisition of La Colombe, a prominent coffee roaster sharing a commitment to quality, craftsmanship, and impact, the Company began offering cold-pressed espresso and lattes on tap at cafés nationwide, as well as Ready to Drink (RTD) coffee beverages in retail. In 2025, Chobani acquired Daily Harvest, a contemporary brand providing consumers with nutritious, delicious, and convenient ready-to-make meals.

Chobani leverages food as a catalyst for positive change globally, prioritizing humanity in all its endeavors. The Company’s philanthropic initiatives focus on giving back to its communities and beyond. Chobani manufactures its products in New York, Idaho, Michigan, Philadelphia, and Australia, with its products available across North America and distributed in Australia and other selected markets.

SOURCE Chobani, LLC