Pilgrim's Pride expands revolver to $850M, extends maturity to 2028, unsecured

PILGRIMS PRIDE CORP

New $850M revolving credit facility replaces prior $800M facility.
Maturity extended from August 9, 2026 to October 4, 2028.
Facility is unsecured; collateral under prior agreement is being released.
Borrowings bear interest at SOFR or prime rate plus margins based on credit ratings.
Proceeds used for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PILGRIMS PRIDE CORP entered into Revolving Syndicated Facility Agreement with CoBank, ACB as administrative agent and collateral agent, and the other lenders party thereto valued at $850.0 million (effective 2023-10-04).

Action: entry
Agreement: credit facility
Counterparty: CoBank, ACB as administrative agent and collateral agent, and the other lenders party thereto
Value: $850.0 million
Effective: 2023-10-04

Exact text from the filing

On October 4, 2023 (the “Effective Date”), Pilgrim's Pride Corporation (the “Company”) and certain of the Company's subsidiaries entered into a Revolving Syndicated Facility Agreement (the “RCF”) with CoBank, ACB as administrative agent and collateral agent, and the other lenders party thereto.

View on SEC.gov

Browse all material agreements →

PILGRIMS PRIDE CORP filing history →

Source: SEC EDGAR

accession 0000802481-23-000076

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.