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PILGRIM'S PRIDE ANNOUNCES PRICING OF SENIOR UNSECURED NOTES DUE 2033
GREELEY, Colo., April 4, 2023 /PRNewswire/ -- Pilgrim's Pride Corporation (NASDAQ: PPC) ("PPC") announced today the pricing of its offering of $1.0 billion
About this update from Pilgrim's Pride Corporation
[{"type":"text","content":"GREELEY, Colo., April 4, 2023 /PRNewswire/ -- Pilgrim's Pride Corporation (NASDAQ: PPC) (\"PPC\") announced today the pricing of its offering of $1.0 billion aggregate principal amount of 6.250% senior unsecured notes due 2033 (the \"Notes\"). The offering is being made pursuant to PPC's automatic shelf registration statement on Form S-3 and accompanying prospectus supplement filed with the Securities and Exchange Commission. The Notes will be guaranteed on a senior unsecured basis by PPC's domestic wholly-owned restricted subsidiaries that are guarantors of the U.S. credit facility.\nPPC intends to use the net proceeds from the offering to repay the outstanding term loans under its U.S. credit facility. The remaining proceeds will be used for general corporate purposes, including repayment of existing debt.\nBarclays Capital Inc., BofA Securities, Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, BBVA, ING Financial Markets LLC, Rabo Securities USA, Inc., and Truist Securities, Inc. are acting as joint-bookrunning managers for the offering.\nThe offering will be made only by means of a preliminary prospectus supplement and accompanying prospectus, copies of which may be obtained, when available, by visiting the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus may also be obtained from: Barclays Capital Inc. at 1-888-603-5847 or [email protected], BofA Securities, Inc. at 1-800-294-1322 or [email protected], BMO Capital Markets Corp. at 1-866-864-7760, Citigroup Global Markets Inc. at 1-800-831-9146 or [email protected], Mizuho Securities USA LLC at 1-866-271-7403 or RBC Capital Markets, LLC at 1-866-375-6829 or [email protected].\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities discussed in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the pros...