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JBS extends by three years debts taken on from Marfrig

JBS has practically concluded all negotiations with creditor banks to reduce the cost of the R$ 5.85 billion in debt from Marfrig, due to the purchase of Seara Brazil and Zenda, says JBS president, Wesley Batista.

According to Batista, Marfrig creditor banks approved an extension, of on average three years, of the debt the giant of animal protein will have to take on. These debts are coming due between 2013 and 2016, according to the executive. In addition to the longer payment term, the banks also approved a reduction of nearly 200 base points in the cost of the debts taken on from Marfrig.

The information is from Valor Econômico

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