The high-yield offering involved 3.5% notes due 2032

Davis Polk advised the initial purchasers in connection with the Rule 144A / Regulation S offering by Pilgrim’s Pride Corporation of $900 million aggregate principal amount of its 3.500% senior notes due 2032, guaranteed by Pilgrim’s Pride Corporation of West Virginia, Gold’n Plump Poultry, LLC, Gold’n Plump Farms, LLC and JFC LLC.

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 6,100 customers across the United States, the United Kingdom and Europe, Mexico and in approximately 115 other countries.

The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Felipe Saraiva Carneiro. Mario J. Verdolini and Eitan Ulmer advised on U.S. tax matters. Members of the Davis Polk team are based in the São Paulo, New York and Northern California offices.