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PPC Completes Offering of $500 Million in Senior Unsecured Notes
JBS S.A., in accordance with good Corporate Governance, communicates to it's shareholders and to the market in general that Pilgrim's Pride
Corporation, listed on the New York Stock Exchange under the ticker PPC, which is controlled by JBS USA Holdings, today completed the private
offering of US$500 million aggregate principal amount of senior unsecured notes (bonds) due 2018. These notes will bear an interest rate of
7.875% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning June 15, 2011.
Net proceeds from this offering will be used to repay borrowings under Pilgrim's Pride existing term loan credit facilities. JBS commented that this
issuance will create a more positive debt profile for Pilgrim's Pride to continue it's market and growth strategy not only domestically in the North
American market but also its exports. Furthermore, the substantial oversubscription observed is a demonstration of the confidence the financial
community has in the Company and in the sector.
São Paulo, December 14th, 2010.
Investors Relations Officer