BRF Completes Global Follow-On Offering of Common Shares, Including Common Shares Represented by ADSs
02.04.22
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The Firm represented BRF S.A. (“BRF”) in its global follow-on offering which consisted of (i) an international offering of common shares, including common shares represented by American depositary shares (“ADSs”) outside Brazil and (ii) a concurrent restricted public offering of common shares in Brazil. A total of 270 million common shares were sold in the global offering. The common shares of BRF are traded in Brazil on the Novo Mercado segment of the São Paulo Stock Exchange (B3) under the ticker symbol “BRFS3,” and the ADSs of BRF are traded on the New York Stock Exchange under the ticker symbol “BRFS.”
The global offering raised approximately R$5.4 billion in gross proceeds for BRF.
BRF S.A. is one of the largest producers of fresh and frozen protein foods in the world in terms of production capacity with a portfolio of approximately 7,500 stock keeping units as of December 31, 2021.
The Simpson Thacher team included Grenfel S. Calheiros, Paulo F. Cardoso and Winnie Y. Loureiro (Capital Markets – São Paulo); and Michael Mann (Tax).