BRF S.A. Completes Five-Business-Day Tender Offer
06.05.15
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The Firm recently represented Brazilian food producer BRF S.A. and its subsidiaries in a cash tender offer in which US$47 million aggregate principal amount of outstanding 6.875% Notes due 2017 issued by BRF’s subsidiary Sadia Overseas Ltd., US$101.4 million aggregate principal amount of outstanding 7.25% Senior Notes due 2020 issued by BRF’s subsidiary BFF International Limited and US$576.8 million aggregate principal amount of outstanding 5.875% Senior Notes due 2022 issued by BRF S.A. were purchased. The tender offer was the first one conducted by a Brazilian issuer on the basis of the new five-business-day protocols.
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 S. Calheiros, Geoffrey Thompson, Jessica Finz and Tosca Augustin (Corporate - São Paulo) and Jon Cantor and Michael Cardella (Tax- New York).