News & Events

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 MARB BondCo PLC of US$750 million aggregate principal amount of 7% Senior Notes due 2024. The Notes are unconditionally and irrevocably guaranteed by Marfrig Global Foods S.A., Marfrig Overseas Limited (“Marfrig Overseas”) and Marfrig Holdings (Europe) B.V. (“Marfrig Holdings”). The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.

The Firm also represented the same investment banks as dealer managers in connection with concurrent tender offers to purchase for cash from each registered holder any and all of the outstanding (a) 8.375% Senior Notes due 2018 issued by Marfrig Holdings, and (b) 9.5% Senior Notes due 2020 issued by Marfrig Overseas. The tender offers expired on March 29, 2017, and the final settlement for the tender offers occurred on March 30, 2017. Approximately US$346 million in aggregate principal amount of Notes were validly tendered.

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 and Luciana Moutinho (Capital Markets – São Paulo and New York); and Jonathan Cantor and John Torrenti (Tax).