US poultry giant Pilgrim’s Pride is to offer US$350m of senior unsecured notes in a private placement.

The company said today (1 December) that notes would be due in 2018. The group plans to use the proceeds from the offering to repay debt.

Brazilian meat processor owns a 67% stake in Pilgrim’s Pride, which last month posted a 30% fall in third-quarter profits.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData