secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0000802481-23-000076
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000076/0000802481-23-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248123000076/ppc-20231004.htm
  HTML page:      https://secwatch.observer/filing/0000802481-23-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer