secwatch / observer
8-K filed October 13, 2023, 7:59 PM ET ticker PPC CIK 0000802481
debt confidence high sentiment neutral materiality 0.60

PILGRIMS PRIDE CORP (PPC): debt financing — Pilgrim's Pride issues $500M of 6.875% senior notes due 2034 to redeem 5.875% notes due 2027

PILGRIMS PRIDE CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PILGRIMS PRIDE CORP incurred senior notes of $500.0 million aggregate principal amount with Regions Bank at 6.875% maturing due 2034.

Instrument
senior notes
Principal
$500.0 million aggregate principal amount
Counterparty
Regions Bank
Rate
6.875%
Maturity
due 2034
Event
incurrence
Exact text from the filing
On October 12, 2023, Pilgrim’s Pride Corporation, a Delaware corporation (the “Company”), issued $500.0 million aggregate principal amount of its 6.875% senior notes due 2034 (the “Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PILGRIMS PRIDE CORP entered into Indenture with Regions Bank valued at $500.0 million aggregate principal amount (effective 2023-10-12).

Action
entry
Agreement
notes offering
Counterparty
Regions Bank
Value
$500.0 million aggregate principal amount
Effective
2023-10-12
Exact text from the filing
On October 12, 2023, Pilgrim’s Pride Corporation, a Delaware corporation (the “Company”), issued $500.0 million aggregate principal amount of its 6.875% senior notes due 2034 (the “Notes”). The Notes were issued pursuant to an indenture, dated April 19, 2023 (the “Base Indenture”), as supplemented by a second supplemental indenture, dated October 12, 2023 (the “Second Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Company and Regions Bank, as trustee.
View on SEC.gov

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Source: SEC EDGAR
accession 0000802481-23-000078
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