We advised the dealer manager on the tender offer

Davis Polk advised the sole deal manager in connection with a tender offer by Pilgrim’s Pride Corporation (PPC) to repurchase up to a maximum of $250 million aggregate principal amount of its 6.250% senior notes due 2033.

PPC is primarily engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors and foodservice operators. PPC markets its products to a diverse set of customers across the United States, the United Kingdom and Europe, Mexico and in approximately 120 other countries.

The Davis Polk corporate team included partner Manuel Garciadiaz and counsel Drew Glover. Counsel Ziyuan (Constance) Zhang and associate Bryce Maxey advised on U.S. tax matters. Members of the Davis Polk team are based in the São Paulo and New York offices.

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