PILGRIM'S PRIDE CORPORATION AND SUBSIDIARIES
March 30, 1996
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For quarter ended MARCH 30, 1996
Commission file number 1-9273
PILGRIM'S PRIDE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 75-1285071
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
110 SOUTH TEXAS, PITTSBURG, TX 75686-0093
(Address of principal executive offices) (Zip code)
(903) 855-1000
(Telephone number of principle executive offices)
NOT APPLICABLE
Former name, former address and former fiscal year, if changed since last
report.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter periods that
the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes X No
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practical date.
COMMON STOCK $.01 PAR VALUE--- 27,589,250 SHARES AS OF MAY 13, 1996
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PART II
OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
10.41 Note Purchase Agreement dated February 15, 1996, by and between John
Hancock Mutual Life Insurance Company, a Massachusetts corporation, and
Pilgrim's Pride Corporation, a Delaware corporation.
10.42 Credit Agreement dated as of January 31, 1996 is entered into among
Pilgrim's Pride, S.A. de C.V., (the "Borrower") and Internationale
Nederlanden (U.S.) Capital Corporation (the "Lender"), Pilgrim's Pride
Corporation (the"Company"), Avicola Pilgrim's Pride de Mexico, S.A. de
C.V., (the "Parent"), Compania Incubadora Avicola Pilgrim's Pride, S.A.
de C.V., Productora Y Distribuidora de Alimentos, S.A. de C.V.,
Immobiliaria Avicola Pilgrim's Pride, S. De R.L. de C.V. and CIA.
Incubadora Hidalgo, S.A. de C.V.
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 5/14/96 Clifford E. Butler
Vice Chairman of the Board,
Chief Financial Officer and
Secretary and Treasurer
in his respective capacity
as such
