Pilgrim's Pride Announces Offering of Senior Notes

Pilgrim's Pride Corporation and its wholly owned subsidiary, Pilgrim's Europe Finance plc, have commenced a private offering of up to €500 million in senior notes. The proceeds are intended for general corporate purposes, including funding the acquisition of Walkers Deli & Sausage Company and associated expenses. The offering is not contingent on the closing of the Walkers Acquisition. The notes are being offered to qualified institutional buyers and certain non-U.S. persons, and have not been registered under the Securities Act of 1933. The company also provided forward-looking statements regarding potential risks and uncertainties, including industry factors, operational challenges, legal matters, and international market conditions.