Pilgrim's Pride Prices €500 Million Senior Notes Offering

GlobeNewswire··USGB·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Pilgrim's Pride Corporation and its subsidiary Pilgrim's Europe Finance PLC have priced an offering of €500 million in 4.750% senior notes due 2034. The sale is expected to close on September 23, 2026, subject to customary conditions. Proceeds will be used for general corporate purposes, including funding the company's recently announced acquisition of Walkers Deli & Sausage Company, though the offering is not conditioned on that deal's closing. The notes are being offered only to qualified institutional buyers and certain non-U.S. persons under applicable exemptions from registration.

Impact on assets 1

Consumer Staples▲ · 1 stocks
Pilgrims Pride Corp
PPC
▲ PositiveCapitalrelevance

Pilgrim's Pride priced a €500 million senior notes offering, raising financing for general corporate purposes including the Walkers Deli & Sausage acquisition.

Off-coverage companies 1

Walkers Deli & Sausage CompanyPrivate± Mixed
Capitalrelevance

Walkers Deli & Sausage is the acquisition target whose funding is partly tied to the note proceeds, but the offering is not conditioned on the deal closing.

© 2026 MarketIVNews