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Brazil’s Marfrig calls 9˝% notes due 2020 following tender
New York, April 4 – Marfrig Overseas Ltd. will redeem its remaining 9˝% senior notes due 2020 on May 4, according to a notice from the issuer.
Holders will receive 101.383% of par plus accrued interest up to but excluding the redemption date.
Marfrig recently completed a tender for the 9˝% notes and also the 8 3/8% senior notes due 2018 issued by Marfrig Holdings (Europe) BV.
In the tender for the 9˝% notes, the company acquired $280,345,000, or 57.84%, of the $484,729,000 outstanding at a price of $1,027.00 per $1,000 principal amount for those tendered before the early deadline and $997.00 per $1,000 principal amount for those tendered subsequently.
It also took in tenders for $66.07 million, or 23.44%, of the $281,911,000 outstanding 8 3/8% notes.
The tender ended at 11:59 p.m. ET on March 29.
Marfrig Overseas is a subsidiary of Marfrig Global Foods SA, Sao Paulo-based food processing company.
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