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PILGRIMS PRIDE CORP FILES (8-K) Disclosing Termination of a Material Definitive Agreement

July 29, 2014



Item 1.02. Termination of a Material Definitive Agreement.

Termination of ING Credit Agreement

On July 23, 2014, AvÍcola Pilgrim's Pride de MÉxico, S.A. de C.V. ("Avicola"), Pilgrim's Pride, S. de R.L. de C.V. and certain of their subsidiaries terminated the amended and restated credit agreement (as amended, the "ING Credit Agreement") dated as of October 19, 2011 with ING Capital LLC, as administrative agent and lead arranger, and the other lenders party thereto. The ING Credit Agreement provided for a secured revolving loan commitment of MXN$557,415,000. There were no outstanding borrowings under the ING Credit Agreement. The ING Credit Agreement was terminated because Avicola and certain of its Mexican subsidiaries entered into a credit agreement with BBVA Bancomer, S.A. InstituciÓn de Banca Multiple, Grupo Financiero BBVA Bancomer, as lender, which provided for an unsecured loan commitment of MXN$560,000,000.

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Source: Edgar Glimpses


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