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JBS USA announces private US$ 400 million notes issue

JBS has informed Brazil's securities and exchange commission (CVM) that it will make a private offer of US$ 400 million in notes maturing in 2021. The company says the deal, which still depends on market conditions, will be doe through JBS USA, a subsidiary of JBS in the USA.

In addition to the US$ 400 million in notes to be issued, JBS also intends to raise another US$ 400 million in term loans. With the net proceeds of the two operations, JBS will make an offer to purchase notes issued by JBS USA and JBS USA Finance that mature in 2014 with a return of 11.625%. In practice, the company will be rolling over debt.

Information provided by Valor Econômico

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