Pilgrim's Pride solicits consents to amend $1.9B in notes after investment-grade upgrade

PILGRIMS PRIDE CORP

Soliciting consents from holders of $1.0B 4.250% notes due 2031 and $0.9B 3.500% notes due 2032.
Offers $1.00 per $1,000 principal plus registration rights if majority consents obtained.
Upgrade to BBB- by S&P on June 2, 2022 triggers covenant suspension; amendments align with investment-grade status.
Consent solicitation expires at 5:00 PM NY time on September 22, 2022.
RBC, Barclays, BMO, Mizuho acting as solicitation agents.

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