Chicago, Sept. 20 – BRF SA priced $750 million of 4 7/8% senior notes due Jan. 24, 2030, according to a company news release.
The Rule 144A and Regulation S notes was approximately seven times oversubscribed.
Proceeds will be used to repay debt, specifically the 5 7/8% senior notes due 2022, the 2¾% notes due 2022, the 3.95% senior notes due 2023 and the 4¾% senior notes due 2024. Proceeds will also be used to redeem subsidiary BFF International Ltd.’s 7¼% senior notes due 2020.
The food company is based in Itajai, Brazil.
| Issuer: | BRF SA
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Jan. 24, 2030
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| Coupon: | 4 7/8%
|
| Pricing date: | Sept. 19
|
| Distribution: | Rule 144A and Regulation S
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