Pilgrim's Pride Corporation
09/23/2026 | Press release | Distributed by Public on 09/23/2026 07:22
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On September 23, 2026, Pilgrim's Pride Corporation (the "Company") and Pilgrim's Europe Finance PLC, a wholly-owned subsidiary of the Company (together with the Company, the "Issuers"), completed a sale of €500 million aggregate principal amount of their 4.750% senior notes due 2034 (the "Notes").
The Notes were sold in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the "Securities Act"). The Notes were sold only to "qualified institutional buyers" pursuant to Rule 144A of the Securities Act and to certain persons outside the United States pursuant to Regulation S of the Securities Act.
The Notes were issued pursuant to the Indenture, dated as of September 23, 2026, by and among the Issuers, as co-issuers, and Citibank, N.A., London Branch, as trustee (the "Indenture").
The Issuers will pay interest on the Notes annually in arrears on January 23 of each year, beginning on January 23, 2027. The Notes will mature on January 23, 2034. The Notes are unsecured senior obligations of the Issuers and rank equally with all of the Issuers' other unsubordinated indebtedness. The Indenture contains customary covenants and events of default, including failure to pay principal or interest on the Notes when due.
The Issuers intend to use the net proceeds from the offering of the Notes for general corporate purposes, including to fund the consideration in connection with the Company's recently announced acquisition of Walkers Deli & Sausage Company (the "Walkers Acquisition") and to pay costs and expenses related thereto.
The foregoing description of the material terms of the Indenture is qualified in its entirety by reference to the Indenture, which is attached to this Current Report on Form 8-K as Exhibit 4.1 and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an off-Balance Sheet Arrangement of a Registrant.
The information in Item 1.01 above is incorporated herein by reference.
Pilgrim's Pride Corporation published this content on September 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 23, 2026 at 13:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]