---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-245687"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:56:46.154350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-245687
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802481/000119312523245687/0001193125-23-245687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000119312523245687/d562537d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-245687
- JSON: https://secwatch.observer/filing/0001193125-23-245687.json
- Plain text: https://secwatch.observer/filing/0001193125-23-245687.txt

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