The Firm represented BRF – Brasil Foods S.A. (formerly named Perdigão S.A.) in connection with its $500 million dual-currency loan facility comprised of a $454 million Dollar tranche and a $46 million-equivalent Euro tranche. The loan facility was led by Morgan Stanley, Santander and HSBC. Other banks involved included Banco Bradesco, Banco do Brasil, The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi, ING Bank, Mizuho Corporate Bank, Sumitomo Mitsui Banking, Standard Chartered Bank, Rabobank Curaçao, Credit Agricole Corporate and Investment Bank, BNP Paribas, Bank of China, Bank of Taiwan, Mega International Commercial Bank, United Taiwan Bank and Deutsche Bank.
Simpson Thacher also advised Brasil Foods in its inaugural $750 million debt offering in 2010 and its $4.8 billion business combination with Sadia in 2009.
Brasil Foods is one of the largest food companies in Latin America, including the third largest company in the butchery of poultry in Latin America, amongst the ten largest pig butchers in the world, and also one of the leading Brazilian companies in the area of milk collection. The Company sells its products in Brazil and in over 110 other countries.
The Simpson Thacher team was led by Alan Brenner and Mark Maher. Grenfel Calheiros provided valuable assistance.