BRF Completes US$200 Million Capped Cash Senior Notes Tender Offers and Make-Whole Redemption Process
10.06.23
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Simpson Thacher represented BRF S.A. (“BRF”) in connection with its capped cash tender offers for the outstanding 4.350% Senior Notes due 2026 issued by its subsidiary BRF GmbH and guaranteed by BRF and 4.875% Senior Notes due 2030 issued by BRF, subject to the conditions of the tender offer. Concurrently, the firm also represented BRF in connection with the make-whole redemption in full of its outstanding 4.75% Senior Notes due 2024.
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 Jonathan Cantor (Tax).