News & Events

Simpson Thacher represented BRF–Brasil Foods S.A. (formerly named Perdigão S.A.) in a Rule 144A/Regulation S offering of $750 million of 7.250% Senior Notes due 2020. The notes were issued by BFF International Limited, a Cayman Islands subsidiary of Brasil Foods, and are guaranteed by Brasil Foods and its subsidiary Sadia S.A. Brasil Foods intends to use the net proceeds to extend its debt maturity profile and for general corporate purposes. The offering represented Brasil Foods’ inaugural debt offering in the international capital markets. According to press reports, the offering represented the first offering of 2010 by a Brazilian company that was not a bank.

Simpson Thacher also advised Brasil Foods in its $4.8 billion business combination with Sadia in 2009.

Brasil Foods is one of Brazil’s largest food companies, with a focus on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products. The Company sells its products in Brazil and in over 110 other countries.

The Simpson Thacher team included, among others, Glenn M. Reiter, John C. Ericson, Rafael Berckholtz and Paula Pereira (Capital Markets – New York); Gustavo Pinto and Sasha Willimann (Capital Markets – São Paulo); and Jonathan Cantor and Amie Broder (Tax). Paralegal André Gregori provided valuable assistance.