PPC $1 billion sustainability-linked senior notes offering
We advised the initial purchasers on the Rule 144A / Regulation S offering

Davis Polk advised the initial purchasers in connection with the Rule 144A / Regulation S offering by Pilgrim’s Pride Corporation of $1 billion aggregate principal amount of its 4.250% sustainability-linked notes due 2031, 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. Dominic Foulkes advised on U.S. tax matters. Members of the Davis Polk team are based in the São Paulo, Northern California and London offices.