Pilgrim's Pride Corp., founded in 1946 and headquartered in Greeley, Colorado, operates as one of the largest poultry producers in the United States, committed to supplying high-quality chicken products. The company specializes in the production of a wide range of chicken products, including fresh and frozen poultry, value-added products, and prepared foods, catering to both retail and foodservice customers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PPC 3.50% 2032-03-01 USDPilgrim`s Pride Corp. | United States | 2032-03-01 | 3.500 | 5.14 |
| PPC 3.50% 2032-03-01 USDPilgrim`s Pride Corp. | United States | 2032-03-01 | 3.500 | 5.08 |
| PPC 3.50% 2032-03-01 USDPilgrim`s Pride Corp. | United States | 2032-03-01 | 3.500 | 5.08 |
| PPC 4.25% 2031-04-15 USDPilgrim`s Pride Corp. | United States | 2031-04-15 | 4.250 | 4.84 |
| PPC 4.25% 2031-04-15 USDPilgrim`s Pride Corp. | United States | 2031-04-15 | 4.250 | 4.81 |
| PPC 4.25% 2031-04-15 USDPilgrim`s Pride Corp. | United States | 2031-04-15 | 4.250 | 4.81 |
| PPC 6.25% 2033-07-01 USDPilgrim`s Pride Corp. | United States | 2033-07-01 | 6.250 | 5.11 |
| PPC 6.88% 2034-05-15 USDPilgrim`s Pride Corp. | United States | 2034-05-15 | 6.875 | 5.30 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Pilgrim's Pride has a notable history of bond issuances, having first issued bonds in the early 2000s to support its expansion. A significant issuance occurred in 2019 when the company raised $500 million in senior unsecured notes, reflecting strong market demand and a favorable yield compared to industry averages. As of late 2023, the company’s bond yields are positioned competitively within the poultry industry, showcasing its robust financial health despite market fluctuations. Recent news indicates that Pilgrim's Pride is exploring additional bond offerings to finance operational advancements and enhance production capacity.