Pilgrim's Pride prices $500M 6.875% senior notes due 2034 to refinance existing 2027 notes

PILGRIMS PRIDE CORP

Offering of $500M aggregate principal amount of 6.875% senior notes due 2034 priced on September 27, 2023.
Proceeds together with cash on hand will redeem outstanding 5.875% Senior Notes due 2027 via concurrent tender offer.
Closing expected on or about October 12, 2023; notes are unsecured senior obligations ranking equally with existing unsecured senior debt.
Underwriting agreement with Barclays Capital Inc. and Mizuho Securities USA LLC; affiliates may hold 2027 notes and receive proceeds, creating a potential conflict of interest.

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