debt
confidence high
sentiment neutral
materiality 0.60
Pilgrim's Pride issues €500M 4.75% senior notes due 2034 for acquisition funding
PILGRIMS PRIDE CORP
- Issued €500M aggregate principal of 4.750% senior notes due 2034.
- Notes mature Jan 23, 2034; interest payable annually from Jan 23, 2027.
- Net proceeds for general corporate purposes, including funding Walkers Deli & Sausage acquisition.
- Notes are unsecured senior obligations ranking equally with other unsubordinated debt.
- Offered privately to QIBs under Rule 144A and non-U.S. persons under Regulation S.