Pilgrim’s Pride $1 billion notes offering
The investment-grade notes are due 2033
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by Pilgrim’s Pride Corporation of $1 billion aggregate principal amount of its 6.250% senior notes due 2033, guaranteed by Pilgrim’s Pride Corporation of West Virginia, Gold’n Plump Poultry, LLC, Gold’n Plump Farms, LLC and JFC LLC.
PPC is primarily engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors and foodservice operators. PPC markets its products to a diverse set of over 51,100 customers across the United States, the United Kingdom and Europe, Mexico and in approximately 120 other countries.
The Davis Polk corporate team included Manuel Garciadiaz, Konstantinos Papadopoulos, Drew Glover and Luis Felipe Sousa. Mario J. Verdolini, Eitan Ulmer and Omar Hersi advised on U.S. tax matters. Members of the Davis Polk team are based in the São Paulo, Northern California and New York offices.