BRF Completes US$500 Million Senior Notes Offering and Concurrent Tender Offers
10.09.20
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Simpson Thacher represented BRF S.A. (“BRF”) in connection with its offering of US$500 million aggregate principal amount of 5.75% Senior Notes due 2050 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. BRF intends to use a portion of the net proceeds of the offering to repay certain outstanding debt, with the remainder for general corporate purposes.
Simpson Thacher also represented BRF in concurrent abbreviated cash tender offers for its outstanding 5.875% Senior Notes due 2022, 2.75% Senior Notes due 2022 and 3.95% Senior Notes due 2023 and capped cash tender offers for its outstanding 4.75% Senior Notes due 2024 and 4.35% Senior Notes due 2026 issued by BRF GmbH and guaranteed by BRF.
BRF is one of the largest producers of fresh and frozen protein foods in the world, with a portfolio of approximately three thousand stock keeping units.
The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Kirsten L. Davis, Winnie Y. Loureiro and Alexander González Castillo (Capital Markets – São Paulo and New York); and Jonathan E. Cantor (Tax).