PPC's primary distribution is through retailers and foodservice distributors. PPC employs over 61,500 people and operates protein processing plants and prepared-foods facilities in 14 states, Puerto Rico, Mexico, the U.K, the Republic of Ireland and continental Europe. 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. The Exchange Offers were made pursuant to the terms and subject to the conditions set forth in a prospectus dated Janu(the " Prospectus"), which has been filed with the Securities and Exchange Commission and forms a part of the Registration Statement. 333-268974) (the " Registration Statement") relating to the Exchange Offers was filed with the Securities and Exchange Commission on Decemand was declared effective on January 18, 2023. The Exchange Offers do not represent a new financing transaction.Ī Registration Statement on Form S-4 (File No. ![]() PPC will issue the New Notes under the same indentures that govern the applicable series of Existing Notes. 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 expects that such settlement will occur on or about February 17, 2023. 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 has accepted for exchange all such tendered Existing Notes in the Exchange Offers. King & Co., Inc., the exchange agent for the Exchange Offers, the aggregate principal amounts of each series of the Existing Notes set forth in the table below had been validly tendered and not validly withdrawn. As of the Expiration Date and based on information received from D.F. New York City time on Febru(the " Expiration Date"). ![]() ![]() The Exchange Offers expired at 11:59 p.m. 16, 2023 /PRNewswire/ - Pilgrim's Pride Corporation (" PPC") announced today the expiration and results of its previously announced offers to exchange (the " Exchange Offers") any and all of its outstanding (i) $1.0 billion aggregate principal amount of 4.250% Sustainability-Linked Senior Notes due 2031 (the " Existing 2031 Notes") and (ii) $900.0 million aggregate principal amount of 3.500% Senior Notes due 2032 (the " Existing 2032 Notes," and together with the Existing 2031 Notes, the " Existing Notes"), for an equal principal amount of new notes in a transaction registered under the Securities Act (the " New Notes").
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