Chicago, Sept. 16 – BRF SA priced $500 million of 5¾% senior notes due Sept. 21, 2050 (Ba2//BB), according to a press release.
The issue was more than 10 times oversubscribed.
Proceeds from the Rule 144A and Regulation S issue will be partially used to repay the company’s 5 7/8% senior notes due 2022, its 2¾% senior notes due 2022, the 3.95% senior notes due 2023 and its 4¾% senior notes due 2024. Any remaining proceeds will be used for general corporate purposes.
The food company is based in Itajai, Brazil.
| Issuer: | BRF SA
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| Amount: | $500 million
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| Description: | Senior notes
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| Maturity: | Sept. 21, 2050
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| Coupon: | 5¾%
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| Pricing date: | Sept. 16
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| Ratings: | Moody’s: Ba2
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| Fitch: BB
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| Distribution: | Rule 144A and Regulation S
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