Pilgrim's Pride closes €500M of 4.750% senior notes due 2034

Pilgrim's Pride Corporation said that on September 23, 2026 it and wholly owned subsidiary Pilgrim's Europe Finance PLC completed a sale of €500 million aggregate principal amount of 4.750% senior notes due 2034 under an indenture with Citibank, N.A., London Branch as trustee.

Pilgrim's Pride locked a €500 million euro senior notes book on September 23, 2026 — closing 4.750% notes due January 23, 2034 with Pilgrim's Europe Finance PLC as co-issuer and Citibank, N.A., London Branch as trustee.

€500 million closed at 4.750%

On September 23, 2026, Pilgrim's Pride Corporation (Nasdaq: PPC) and Pilgrim's Europe Finance PLC, a wholly owned subsidiary of the company (together, the Issuers), completed a sale of €500 million aggregate principal amount of their 4.750% senior notes due 2034. Pilgrim's Pride disclosed the closing in Form 8-K Items 1.01 and 2.03 AccNo 0000802481-26-000068, filed the same day.

The notes were sold in a private offering exempt from registration under the Securities Act — only to qualified institutional buyers under Rule 144A and to certain persons outside the United States under Regulation S.

Indenture, interest, maturity, and ranking

The notes were issued under an Indenture dated as of September 23, 2026 among the Issuers as co-issuers and Citibank, N.A., London Branch, as trustee (Exhibit 4.1). The Issuers will pay interest annually in arrears on January 23 of each year, beginning January 23, 2027. The notes mature on January 23, 2034. They are unsecured senior obligations of the Issuers and rank equally with all of the Issuers' other unsubordinated indebtedness. The Indenture contains customary covenants and events of default, including failure to pay principal or interest when due. A form of the 4.750% note due 2034 is included in Exhibit 4.1 (Exhibit 4.2).

Use of proceeds and Walkers Acquisition

The Issuers intend to use the net proceeds from the offering for general corporate purposes, including to fund consideration for the company's recently announced acquisition of Walkers Deli & Sausage Company and to pay related costs and expenses. The Form 8-K does not quantify net proceeds after discounts and fees or state the Walkers purchase price.

What this filing settles

Items 1.01 and 2.03 settle that Pilgrim's Pride and Pilgrim's Europe Finance PLC completed the euro notes sale on September 23, 2026 — not merely priced or underwritten — with a stated 4.750% coupon, €500 million principal, January 23, 2034 maturity, annual January 23 interest, Citibank London as trustee, unsecured senior ranking, and a stated intended use that includes Walkers Acquisition consideration. It does not publish a U.S. dollar equivalent for the euro principal or quantify net cash after fees.