secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001193125-23-092359
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride prices $1.0B of 6.250% senior notes due 2033
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- $1.0B aggregate principal amount of 6.250% senior unsecured notes due 2033.
- Net proceeds to repay outstanding term loans under U.S. credit facility; remainder for general corporate purposes.
- Offering expected to close on or about April 19, 2023, subject to customary conditions.
- Notes are unsecured senior obligations, ranking equally with existing and future unsecured senior debt.
- Underwriters include Barclays, BofA, BMO, Citigroup, Mizuho, RBC; certain underwriters are lenders under credit facility (potential conflict of interest).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000119312523092359/0001193125-23-092359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000119312523092359/d247598d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-092359

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