Simpson Thacher Represents BRF S.A. in US$750 Million Bond Offering and Concurrent Tender Offer
05.27.14
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The Firm recently represented Brazilian food producer BRF S.A. in an offering of US$750 million aggregate principal amount of 4.75% Senior Notes due 2024. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
The Firm also represented BRF S.A. and its subsidiaries in a concurrent cash tender offer in which US$60.9 million aggregate principal amount of outstanding 6.875% Notes due 2017 issued by BRF’s subsidiary Sadia Overseas Ltd. and US$409.6 million aggregate principal amount of outstanding 7.250% Senior Notes due 2020 issued by BRF’s subsidiary BFF International Limited were purchased.
BRF S.A. is the largest food company in Brazil and one of largest food exporters in the world. The company focuses on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products.
The Simpson Thacher team included Grenfel Calheiros, John Ericson, Rodrigo Surcan dos Santos and Caetano Cunha (Capital Markets – São Paulo and New York) and Jon Cantor and Chang Won Choi (Tax).