Pilgrim's launches senior notes offering

by MEAT+POULTRY Staff
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GREELEY, Colo. – Pilgrim's Pride Corp., a unit of JBS S.A., announced a $500 million senior unsecured notes offering. The notes will initially be guaranteed only by Pilgrim's Pride Corporation of West Virginia, Inc., the company said.

Pilgrim's said the company intends to apply $350 million of the proceeds against the payment of outstanding debt. The balance of the net proceeds from the sale of the notes will be used for general corporate purposes.
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