Simpson Thacher Represents Initial Purchasers and Lenders in $1.0 Billion Refinancing by JBS USA, LLC
09.25.13
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The Firm recently represented J.P. Morgan, BofA Merrill Lynch, Credit Suisse, RBC Capital Markets, Wells Fargo Securities and the other initial purchasers in a sale of $500 million of 7.250% Senior Notes due 2021 of JBS USA, LLC, a Delaware corporation, pursuant to Rule 144A and Regulation S. The Firm also represented the lenders in a concurrent borrowing by JBS USA, LLC of incremental term loans in the amount of $500 million under JBS USA’s existing senior secured term loan facility. The use of proceeds of the transactions is to repay existing indebtedness of JBS USA.
JBS USA, LLC is one of the largest beef, pork and lamb processors in the world. The Company processes, prepares, packages and delivers fresh, processed and value-added beef and pork products for sale to customers in over 70 countries on six continents.
The Company is an indirect wholly owned subsidiary of JBS S.A., a Brazilian company, the world’s largest beef producer and one of the largest producers of poultry, pork and lamb. JBS S.A. is a guarantor of the 7.250% Senior Notes due 2021.
The Simpson Thacher team for this transaction included John Ericson, Lauren Yoon, Karen Wang, Adam Weiner and Jessica Garcia (Capital Markets – New York); Taissa Macaferri Licatti (Capital Markets – São Paulo); William Sheehan and Eli Isak (Credit); Adeeb Fadil and Noreen Lavan (Environmental); Jonathan Cantor and Mike Cardella (Tax); Greg Grogan, Brittany McCants and Eric Wolf (Executive Compensation & Employee Benefits); and Andrew Pagliughi (Blue Sky).