We advised the initial purchasers on the offering

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A / Regulation S offering by Pilgrim’s Pride Corporation (PPC) and Pilgrim’s Europe Finance PLC of €500 million aggregate principal amount of 4.750% senior notes due 2034.

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 over 51,100 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, counsel Drew Glover and associate Lucas Pignaton Fenyves. Counsel Ziyuan (Constance) Zhang and Dustin Plotnick and associate Bryce Maxey advised on U.S. tax matters. Counsel John Taylor provided U.K. law advice. Partner Dominic Foulkes and associate Samantha Wilson advised on U.K. tax matters. Members of the Davis Polk team are based in the São Paulo, Northern California, New York and London offices.

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