Financial Wire

Pilgrim's Pride Prices Tender Offer for 6.250% Senior Notes

-- Pilgrim's Pride (PPC) said Monday it will pay $1,056.90 per $1,000 principal amount of notes accepted in its tender offer for up to $250 million of its 6.250% senior notes due 2033.

The company said it does not expect to accept all notes that have been tendered at the early tender date of April 10 because they exceeded the maximum tender amount.

Pilgrim's Pride said it will accept the notes on a prorated basis using a proration factor of about 53%, with April 14 as the early settlement date.

Price: $35.04, Change: $-0.40, Percent Change: -1.13%

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