PILGRIM'S PRIDE CORPORATION ANNOUNCES EXPIRATION AND RESULTS OF ITS REGISTERED EXCHANGE OFFERS FOR ANY AND ALL OF ITS OUTSTANDING 4.250% SUSTAINABILITY-LINKED SENIOR NOTES DUE 2031 AND 3.500% SENIOR NOTES DUE 2032
The Exchange Offers expired at
Title of Series / CUSIP/ISIN Number |
Aggregate Principal |
Existing Notes Tendered as of |
|
Principal Amount |
Percentage |
||
4.250% Sustainability-Linked Senior |
|
|
99.79 % |
3.500% Senior Notes due 2032 (CUSIP |
|
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98.83 % |
Upon the settlement of the Exchange Offers, holders of Existing Notes who validly tendered and did not validly withdraw such Existing Notes prior to the Expiration Date will receive a like principal amount of New Notes of the applicable series. PPC expects that such settlement will occur on or about
The terms of the New Notes to be issued in the Exchange Offers are substantially identical to the terms of the corresponding series of Existing Notes, except that the offering of the New Notes will be registered under the Securities Act and the transfer restrictions and registration rights applicable to the Existing Notes will not apply to the New Notes. PPC will issue the New Notes under the same indentures that govern the applicable series of Existing Notes. The Exchange Offers do not represent a new financing transaction.
A Registration Statement on Form S-4 (File No. 333-268974) (the "Registration Statement") relating to the Exchange Offers was filed with the
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO EXCHANGE, OR A SOLICITATION OF AN OFFER TO EXCHANGE, ANY OF THE SECURITIES DESCRIBED HEREIN.
About PPC
PPC employs over 61,500 people and operates protein processing plants and prepared-foods facilities in 14 states,
Important Notice Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward looking statements. The words "expect", "believe", "estimate", "intend", "plan" and similar expressions, when related to PPC and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. Such risks and uncertainties include those described in PPC's filings with the
CONTACT: |
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Head of Strategy, Investor Relations, & Net Zero Programs |
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SOURCE