Pilgrim’s Pride raises €500m via 4.75% senior notes due 2034

Pilgrim’s Pride Corporation has priced a €500 million senior secured notes offering at a 4.75% interest rate, maturing in 2034. The notes are expected to close on September 23, 2026, subject to customary closing conditions. The issuance is structured under Regulation S for non-U.S. buyers and Rule 144A for qualified institutional investors, and is not subject to registration under the U.S. Securities Act of 1933. The proceeds will be used for general corporate purposes, including financing the recently announced £100 million acquisition of Walkers Deli & Sausage Company, a U.K.-based food processor. The deal remains contingent on regulatory approval and closing conditions, though the notes issuance is not dependent on the acquisition’s completion. Pilgrim’s Pride Corporation, headquartered in Greeley, Colorado, operates through its European subsidiary, Pilgrim’s Europe Finance PLC, with a global footprint spanning 14 U.S. states, Puerto Rico, Mexico, the U.K., Ireland, and continental Europe. The company employs approximately 63,000 people across its retail and foodservice distribution channels.