Pilgrim's Pride (PPC) and Pilgrim's Europe Finance PLC on Wednesday announced the pricing of an offering of 500 million euros ($581.52 million) aggregate principal amount of 4.750% senior notes due 2034.
The issuers said net proceeds will be used for general corporate purposes, including to fund the previously announced acquisition of Walkers Deli & Sausage Company.
The sale of the notes is expected to close on Sept. 23 and the offering is not conditioned on the closing of that acquisition.
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