{"schema_version":"secwatch.filing_event.v1","accession":"0000802481-23-000078","form_type":"8-K","ticker":"PPC","cik":"0000802481","company_name":"PILGRIMS PRIDE CORP","filed_at":"2023-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.042132+00:00","generated_at":"2026-06-10T00:22:17.608262+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Pilgrim's Pride issues $500M of 6.875% senior notes due 2034 to redeem 5.875% notes due 2027","bullets":["Issued $500M aggregate principal of 6.875% senior notes due 2034.","Net proceeds used with cash to repurchase and redeem all outstanding 5.875% senior notes due 2027.","Notes are senior unsecured obligations, rank equally with existing and future senior unsecured debt.","Issued under indenture with Regions Bank as trustee; effective October 12, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000802481-23-000078","json":"https://secwatch.observer/filing/0000802481-23-000078.json","markdown":"https://secwatch.observer/filing/0000802481-23-000078.md","text":"https://secwatch.observer/filing/0000802481-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/0000802481-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/ppc-20231012.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T00:22:17.608262+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62b02c4b87def5e2e5416286c6851e8e1281a8b8","claim":"PILGRIMS PRIDE CORP incurred senior notes of $500.0 million aggregate principal amount with Regions Bank at 6.875% maturing due 2034.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/0000802481-23-000078-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500.0 million aggregate principal amount"},{"label":"Counterparty","value":"Regions Bank"},{"label":"Rate","value":"6.875%"},{"label":"Maturity","value":"due 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"83c0392945f9ac834093d7a9970c9a84b3622ace","claim":"PILGRIMS PRIDE CORP entered into Indenture with Regions Bank valued at $500.0 million aggregate principal amount (effective 2023-10-12).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/0000802481-23-000078-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Regions Bank"},{"label":"Value","value":"$500.0 million aggregate principal amount"},{"label":"Effective","value":"2023-10-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}