Pilgrim's Pride extends deadline for senior notes swap

by Meat&Poultry Staff
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GREELEY, Colo. — Pilgrim's Pride Corp. announced on Dec. 13 it would extend the expiration date of the company's exchange offer to 5 p.m. EST on Dec. 15.

Pilgrim's Pride is offering to exchange $500,000,000 aggregate principal amount of its 7.875 percent senior notes due in 2018 (the outstanding notes) for substantially identical senior notes that have been registered under the Securities Act of 1933, as amended.

Approximately $486,859,000 in aggregate principal amount of the outstanding notes has been tendered for exchange. The company said it would accept any and all outstanding notes validly tendered and not withdrawn before the new expiration date. Pilgrim's said it does not intend to extend the exchange offer any further.

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