BRF Completes R$5.4 Billion Private Placement of Common Shares
07.18.23
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Simpson Thacher represented BRF S.A. (“BRF”) in connection with the private placement of R$5.4 billion aggregate principal amount of its common shares.
The common shares were offered to a limited number of qualified institutional buyers in the United States in transactions exempt from, or not subject to, registration in reliance on Section 4(a)(2) of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and to institutional and other investors outside the United States and Brazil in reliance on Regulation S under the Securities Act. A concurrent offering was conducted in Brazil in compliance with CVM Resolution No. 160 and CVM Resolution No. 80. The common shares are listed on the São Paulo Stock Exchange (B3) under the ticker symbol “BRFS3.”
BRF S.A. is one of the largest producers of protein foods in the world in terms of production capacity with a portfolio of approximately 5,500 stock keeping units as of March 31, 2023.
The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Paulo F. Cardoso, Isabel de Carvalho and Susan Uquillas (Capital Markets - São Paulo); and Michael Mann and Michael Slomovics (Tax).