---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-106498"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-17T00:03:47.294883+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pilgrim's Pride issues $1.0B senior unsecured notes at 6.250% due 2033

## Summary
- Issued $1.0B aggregate principal of 6.250% senior notes due 2033.
- Net proceeds used to repay term loans under U.S. credit facility and for general corporate purposes.
- Notes are unsecured senior obligations ranking equally with existing unsecured senior debt.
- Closing occurred on April 19, 2023.

## SEC filing metadata
- accession: 0001193125-23-106498
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802481/000119312523106498/0001193125-23-106498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000119312523106498/d461971d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-106498
- JSON: https://secwatch.observer/filing/0001193125-23-106498.json
- Plain text: https://secwatch.observer/filing/0001193125-23-106498.txt

## Key facts
- Debt Financings
  PILGRIMS PRIDE CORP incurred senior notes of $1.0 billion aggregate principal amount with Regions Bank at 6.250% maturing 2033.
  - Instrument: senior notes
  - Principal: $1.0 billion aggregate principal amount
  - Counterparty: Regions Bank
  - Rate: 6.250%
  - Maturity: 2033
  - Event: incurrence
  source text: On April 19, 2023, Pilgrim’s Pride Corporation, a Delaware corporation (the “Company”), closed the sale of $1.0 billion aggregate principal amount of its 6.250% senior unsecured notes due 2033 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/802481/000119312523106498/0001193125-23-106498-index.htm
- Material Agreements
  PILGRIMS PRIDE CORP entered into Indenture with Regions Bank, as trustee valued at $1.0 billion (effective 2023-04-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Regions Bank, as trustee
  - Value: $1.0 billion
  - Effective: 2023-04-19
  source text: On April 19, 2023, Pilgrim’s Pride Corporation, a Delaware corporation (the “Company”), closed the sale of $1.0 billion aggregate principal amount of its 6.250% senior unsecured notes due 2033 (the “Notes”). The Notes were issued pursuant to an indenture, dated April 19, 2023 (the “Base Indenture”), among the Company, each of its domestic, wholly-owned restricted subsidiaries that guarantee the Company’s U.S. credit facility (the “Guarantors”), and Regions Bank, as trustee (the “Trustee”), as supplemented by a first supplemental indenture, dated April 19, 2023 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Company, the Guarantors and the Trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802481/000119312523106498/0001193125-23-106498-index.htm

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