Pilgrim's Pride restructures after bankruptcy

Company enters into $1.75 billion exit credit facility

0910 Usa Pilgrims Athens

The Pilgrim's Pride Corporation announced that the company and six of its subsidiaries have emerged from Chapter 11 bankruptcy protection after a 13-month restructuring.

The company has entered into a $1.75 billion exit credit facility with multiple banks as part of its restructuring.

The reorganized company's common stock will begin trading December 29 on the New York Stock Exchange under the symbol "PPC."

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