IFLR1000

Pilgrim's Pride $850 million 5.75% and 5.875% notes issues

29/9/2017
Investment grade bond/note issue
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$ 850 million

Completed

29/9/2017

Overview:

  • Pilgrim's Pride has issued $850 million in senior notes.
  • The company has issued $250 million 5.75% notes due 2025 and $600 million 5.875% notes due 2027.
  • The issuer is a food processing company with around 55000 employees in the Americas and the United Kingdom. 
  • The initial purchasers were Barclays Capital, Rabo Securities USA, RBC Capital Markets, US Bancorp Investments and Stephens.

 Katrin Kostadinova - Data analyst 

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Food and beverage

Firm:
Davis Polk & Wardwell

Party: Barclays Capital (Initial purchaser)

Party: RBC Capital Markets (Initial purchaser)

Party: US Bancorp (Initial purchaser)

Party: Rabo Securities USA (Initial purchaser)

Party: Stephens (Initial purchaser)

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