By Rebecca Melvin
New York, Oct. 20 – BRF SA has priced a $300 million add-on to its existing issue of 5¾% senior notes due 2050 (Ba2//BB), according to a press release on Tuesday.
Total deal size is now $800 million. The original issue priced on Sept. 21.
Proceeds from the Rule 144A and Regulation S add-on will be used for general corporate purposes, which may include the payment of certain of its outstanding debt.
The food company is based in Itajai, Brazil.
| Issuer: | BRF SA
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| Amount: | $300 million add-on
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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: | Oct. 20
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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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| Total deal size: | $800 million
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