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PITTSBURGH, Texas — Pilgrim’s Pride Corp., the operator of chicken-processing plants and prepared-food facilities in 12 U.S. states, said it got $1.75 billion in financing from Greenwood Village-based CoBank and other banks, as it emerged from Chapter 11 bankruptcy protection.
The reorganized firm issued 64 percent of its new common stock to beef and pork processor JBS USA Holdings Inc. in exchange for $800 million in cash, Pilgrim’s Pride said.
