Pilgrim’s Pride Corporation announced on September 23, 2026, that it has completed the sale of €500 million in aggregate principal amount of senior notes. The notes, which carry a 4.750% coupon rate, are due to mature on January 23, 2034.
The offering was structured as a private placement exempt from the registration requirements of the Securities Act of 1933. The notes were sold exclusively to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S.
The issuance is governed by an Indenture dated September 23, 2026, among Pilgrim’s Pride Corporation, its wholly-owned subsidiary Pilgrim’s Europe Finance PLC, and Citibank, N.A., London Branch, which serves as trustee. Interest on the notes will be paid annually in arrears on January 23 of each year, beginning January 23, 2027.
As senior, unsecured obligations, these notes rank equally with the Issuers’ other unsubordinated indebtedness. The Indenture includes customary covenants and events of default, such as the failure to pay principal or interest when due.
The company stated that it intends to use the net proceeds from this offering for general corporate purposes. Specifically, the funds will be allocated to fund the consideration for the recently announced acquisition of Walkers Deli & Sausage Company and to cover related costs and expenses.
