Pilgrim's pride upsizes and prices its senior unsecured notes offering; receives positive outlook from s&p global

Greeley, colo., aug. 19, 2021 (globe newswire) -- pilgrim's pride corporation (nasdaq: ppc) (the “company”) announced the pricing of senior unsecured notes for an aggregate principal amount of $900.0 million (the "notes"). the notes due in 2032 will be issued at a price of 100% of the aggregate principal amount reflecting a yield to maturity of 3.50%. the aggregate principal amount of the notes offered was upsized from $750.0 million due to significant investor demand for the notes. the sale of the notes is expected to close on september 2, 2021, subject to customary closing conditions. each of the company's domestic wholly-owned restricted subsidiaries that guarantee the company's secured credit facility will guarantee the notes.
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