---
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"
generated_at: "2026-06-10T00:22:17.608262+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pilgrim's Pride issues $500M of 6.875% senior notes due 2034 to redeem 5.875% notes due 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- 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/802481/000080248123000078/0000802481-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/ppc-20231012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000802481-23-000078
- JSON: https://secwatch.observer/filing/0000802481-23-000078.json
- Plain text: https://secwatch.observer/filing/0000802481-23-000078.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/0000802481-23-000078-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/802481/000080248123000078/0000802481-23-000078-index.htm

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