Chobani Raises $800 Million as Part of Effort to Refinance Debt

Chobani sold an $800 million junk bond Thursday as the yogurt maker redeems debt due in 2029.

The eight-year note that’s callable in three will yield 6.375%, according to a person familiar with the matter. Initial price talk was in the high-6% area, said the person, who asked not to be identified as they’re not authorized to speak publicly.