---
schema_version: "secwatch.filing_event.v1"
accession: "0000802481-23-000076"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T03:03:12.059665+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000802481-23-000076
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802481/000080248123000076/0000802481-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000080248123000076/ppc-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000802481-23-000076
- JSON: https://secwatch.observer/filing/0000802481-23-000076.json
- Plain text: https://secwatch.observer/filing/0000802481-23-000076.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802481/000080248123000076/0000802481-23-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.