form8k_body.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
report (Date of earliest event reported): November 7,
2007
PILGRIM'S
PRIDE CORPORATION
(Exact
Name of Registrant as Specified in its Charter)
Delaware 1-9273 75-1285071
(State
or Other
Jurisdiction (Commission (IRS
Employer
of
Incorporation) File
Number) Identification
No.)
4845 US Hwy. 271 N.
Pittsburg,
Texas 75686-0093
(Address
of Principal Executive
Offices)
(ZIP Code)
Registrant's
telephone number, including area code: (903) 434-1000
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
q Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
q Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
q
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
q
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
1.01. Entry
into a Material Definitive Agreement.
On
November 7, 2007, Pilgrim's Pride Corporation (the "Company") entered into
a
Sixth Amendment (the "Amendment") to Credit Agreement (the "Credit Agreement")
by and among the Company, as borrower, CoBank, ACB, as administrative agent
(the
"Agent"), and the other syndication parties signatory thereto. The purpose
of
the Amendment was to permit the administrative agent, at the election of the
Company and without the consent of the other syndication parties to the Credit
Agreement, to release its liens on specified properties of the Company that
secure the obligations of the Company under the Credit Agreement.
The
above
discussion is a summary of certain terms and conditions of the Amendment and
is
qualified in its entirety by the terms and conditions of the Amendment and
the
Credit Agreement. For the complete terms and conditions of the Amendment
summarized in this report, please refer to the Amendment attached hereto as
Exhibit 10.1 and incorporated by reference herein.
Item
9.01. Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
|
10.1
|
Sixth
Amendment to Credit Agreement dated as of November 7, 2007, by and
among
the Company as borrower, CoBank, ACB, as administrative agent, and
the
other syndication parties signatory
thereto.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934 the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
PILGRIM'S PRIDE CORPORATION
|
Date: November
12,
2007
By: /s/ Richard
A. Cogdill
|
Richard A. Cogdill
|
|
Vice President, Chief Financial Officer, Secretary and
Treasurer
|
EXHIBIT
INDEX
Exhibit
Number Description
|
10.1
|
Sixth
Amendment to Credit Agreement dated as of November 7, 2007, by and
among
the Company as borrower, CoBank, ACB, as administrative agent, and
the
other syndication parties signatory
thereto.
|