Simpson Thacher Represented the Initial Purchasers in Marfrig’s US$250 Million Additional Bond Offering
07.13.16
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The Firm recently represented BB Securities Limited, Banco Bradesco BBI S.A., HSBC Securities (USA) Inc., Morgan Stanley & Co LLC and Santander Investment Securities Inc., as initial purchasers, in an offering by Marfrig Holdings (Europe) B.V. (“Marfrig Holdings”) of an additional US$250 million aggregate principal amount of 8% Senior Notes due 2023. The notes constitute an additional issuance of Marfrig Holdings’ 8% Senior Notes due 2023, and will be consolidated with, and form a single series with, the US$750 million principal amount of the notes that were originally issued by Marfrig Holdings on June 8, 2016. The notes are unconditionally and irrevocably guaranteed by Marfrig Global Foods S.A. and Marfrig Overseas Limited. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Marfrig Global Foods S.A. is a Brazilian company with worldwide operations focused on the production of animal protein and a variety of food products.
The Simpson Thacher team included Grenfel S. Calheiros, Rodrigo Surcan dos Santos, Tosca Augustin, Marcelo Lorenzen and Débora Sejtman (Capital Markets – São Paulo and New York); and Jonathan Cantor and John Torrenti (Tax).