Pilgrim’s Pride Corporation (NASDAQ: PPC) announced on September 4, 2026, that it and its wholly owned subsidiary, Pilgrim’s Europe Finance plc, have commenced a private offering of senior notes. The offering is subject to market conditions and seeks to raise up to €500 million in aggregate principal amount.
The company stated that the net proceeds from the sale will be used for general corporate purposes. Specifically, the funds are intended to fund the consideration related to the recently announced acquisition of Walkers Deli & Sausage Company and to cover associated costs and expenses.
The offering is not contingent upon the completion of the Walkers Acquisition. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and to certain non-U.S. persons in accordance with Regulation S. The securities are not registered under the Securities Act of 1933 and may not be offered or sold in the United States without an applicable exemption from registration requirements.
Pilgrim’s Pride employs approximately 63,000 people and operates facilities across the United States, Puerto Rico, Mexico, the United Kingdom, the Republic of Ireland, and continental Europe.
