- - news, features and articles for the meat processing industry


Pilgrim’s Pride Raises $500 million to Reduce Debt

06 March 2015

US - The US poultry subsidiary of meat processing giant JBS, Pilgrim’s Pride has raised $500 million through a senior notes offering on the market.

Pilgrim's Pride intends to use a portion of the proceeds against the payment of its shorter term secured indebtedness and the balance for general corporate purposes.

The $500 million aggregate principal amount was oversubscribed several times over and the 5.75 per cent yield on the 10 year Notes represents the lowest coupon for an issuance by a Company in the JBS family.

JBS said that this reflects the Group's continuing commitment towards improving its debt profile.

TheMeatSite News Desk

Our Sponsors


Seasonal Picks

Meat Cuts and Muscle Foods - 2nd Edition