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BRIEF-Pilgrim’S Pride announces new credit facility

May 9 Pilgrims Pride Corp

* Pilgrim’s Pride announces new credit facility

* Pilgrims Pride Corp says has entered into a credit agreement, effective May 8, 2017, for a new $750 million revolving credit facility

* Pilgrims Pride Corp- new facility replaces company's existing $700 million revolving facility and $500 million term loan commitment

* Pilgrims Pride Corp- proceeds of loans under new term loan commitment repaid outstanding revolving borrowings

* Pilgrims pride corp- maturity date of new facility will be May 6, 2022

* Pilgrims Pride Corp - also entered into a credit agreement, effective May 8, 2017, for a term loan commitment of $800 million Source text for Eikon: Further company coverage:

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