Marfrig’s MARB to redeem remaining 7% senior notes due 2024

By Taylor Fox

New York, Feb. 16 – MARB Bondco plc plans to fully redeem its $420,532,000 outstanding 7% senior notes due March 15, 2024 (Cusips: 566007AA8, G5825AAA0), according to an announcement.

The redemption follows a partial buyback of $329,468,000, or 43.93%, of the notes by parent company Marfrig Global Foods SA.

As previously reported, the notes were purchased at $1,007.50 per $1,000 face amount, plus interest plus an additional $30.00 per $1,000 face amount if tendered prior to the Jan. 25 early deadline.

The notes will be redeemed March 15 at a price of 101.75, plus interest.

All redeemed notes will be canceled.

Bank of New York Mellon is the trustee, registrar, transfer agent and New York paying agent.

London-based MARB processes and produces meat products, and Marfrig Global Foods is a Sao Paulo, Brazil-based food processing company.

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