Exhibit 5.1
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April 19, 2023
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Pilgrim’s Pride Corporation 1770 Promontory Circle Greeley, Colorado 80634-9038 | | | | ![LOGO](https://capedge.com/proxy/8-K/0001193125-23-106498/g461971g28e12.jpg) |
Re: | Pilgrim’s Pride Corporation – $1,000,000,000 principal amount 6.250% Senior Notes due 2033 |
Ladies and Gentlemen:
We have acted as New York counsel to (i) Pilgrim’s Pride Corporation, a Delaware corporation (the “Company”) and (ii) Pilgrim’s Pride Corporation of West Virginia, Inc., a West Virginia corporation, Gold’n Plump Poultry, LLC, Gold’n Plump Farms, LLC and JFC LLC, each a Minnesota limited liability company (collectively, the “Subsidiary Guarantors” and, together with the Company, the “Companies”), in connection with the issuance and sale, on the date hereof, of $1,000,000,000 in aggregate principal amount of the Company’s 6.250% Senior Notes due 2033 (the “Notes”), and the guarantees of the Notes (the “Guarantees”) by the Guarantors, under an indenture, dated April 19, 2023 (the “Base Indenture”), among the Company, the Guarantors and Regions Bank, as trustee (the “Trustee”), as supplemented by the first supplemental indenture, dated April 19, 2023 (the “First Supplemental Indenture”; and the Base Indenture as supplemented by the Frist Supplemental Indenture, the “Indenture”), among the Company, the Guarantors and the Trustee, and pursuant to (1) an automatic shelf registration statement on Form S-3ASR (Registration No. 333-270754) (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”), filed with the Securities and Exchange Commission (the “Commission”) on March 22, 2023, including the base prospectus forming part of the Registration Statement (the “Base Prospectus”), (2) a preliminary prospectus supplement, dated April 4, 2023, relating to the Notes, filed with the Commission pursuant to Rule 424(b) under the Securities Act (the “Preliminary Prospectus Supplement”), (3) a final prospectus supplement, dated April 4, 2023, relating to the Notes, filed with the Commission pursuant to Rule 424(b) under the Securities Act (the “Final Prospectus Supplement,” and together with the Base Prospectus and the Preliminary Prospectus Supplement, the “Prospectus”) and (4) an underwriting agreement dated April 4, 2023 (the “Underwriting Agreement”), among the Company, the Guarantors, and Barclays Capital Inc., BofA Securities, Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., Mizuho Securities USA LLA, and RBC Capital Markets LLC, as representatives of the several Underwriters named in the Underwriting Agreement (the “Underwriters”).
This opinion letter is rendered in accordance with the requirements of Item 601(b)(5) of Regulation S–K under the Securities Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement, the Prospectus or any other prospectus filed pursuant to Rule 424(b) with respect thereto, other than as expressly stated herein with respect to the issuance and sale of the Notes.
In connection with our opinions expressed below, we have examined originals or copies certified to our satisfaction of the following documents and such other documents, certificates and other statements of government officials and corporate officers of the Companies as we deemed necessary for the purposes of the opinions set forth in this opinion letter: