Pilgrim’s Pride Announces Offering of Senior Notes
Pilgrim's Pride and its wholly owned subsidiary Pilgrim's Europe Finance plc have commenced a private offering of up to €500 million in senior notes, subject to market conditions. Net proceeds are earmarked for general corporate purposes, including funding the consideration for the recently announced acquisition of Walkers Deli & Sausage Company and related costs. The offering is not conditioned on the acquisition closing. The notes are unregistered and will be sold only to qualified institutional buyers under Rule 144A and to certain non-U.S.
Key figures
- Notes type
- senior notes, Rule 144A / Regulation S private offering
- Notes principal
- €500 million
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