debt
confidence high
sentiment neutral
materiality 0.35
Pilgrim's Pride receives requisite consents to amend indentures on 2031 and 2032 notes
PILGRIMS PRIDE CORP
- Consents obtained from majority holders of 4.250% Sustainability-Linked Notes due 2031 and 3.500% Notes due 2032.
- Consent fee of $1.00 per $1,000 principal amount to be paid on or about September 28, 2022.
- Amendments align covenants with investment-grade status and mirror provisions of 2032 notes indenture.
- Company to offer registration rights for exchange of notes into identical unregistered notes within 365 days.