Brazil’s BRF’s tender offer expires for 4 7/8% notes, results given

Chicago, June 30 – Brazil’s BRF SA announced the expiration and final results of its capped cash tender offer for its $750 million outstanding 4 7/8% senior notes due 2030 (Cusips: 10552TAG2, P1905CJX9), according to a press release.

The company received tenders for $59,402,000, or about 7.92%, of the principal amount of notes. The company is buying all the notes tendered and set the maximum purchase amount at $180 million.

The offer expired at 11:59 p.m. ET on June 29.

Settlement is planned for June 30.

Noteholders will receive $1,047.50 per $1,000 note, inclusive of a $30 early tender premium that was extended to the final deadline.

Interest will also be paid to the settlement date.

The early deadline was 5 p.m. ET on June 15, also the withdrawal deadline.

There were no guaranteed delivery provisions for the offer.

Dealer managers for the offer are Banco BTG Pactual SA – Cayman Branch (212 293-4600, OL-DCM@btgpactual.com) and Citigroup Global Markets Inc. (212 723-6106, 800 558-3745).

D.F. King & Co., Inc (866 856-3605, 212 269-5550, brf@dfking.com, www.dfking.com/brf) is the information and tender agent for the offer.

The food processing company is based in Sao Paulo.

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