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BRF SA (BRFS) is a global leader in protein foods production, operating integrated facilities across 150+ countries with iconic brands including Sadia and Perdigão. This news hub provides investors and industry stakeholders with timely updates on corporate developments shaping the meat processing sector.
Access authoritative coverage of earnings reports, strategic partnerships, product innovations, and operational milestones. Our curated collection ensures you stay informed about BRFS's Brazil-focused operations, international expansions, and quality control initiatives without speculative commentary.
Key updates include financial performance disclosures, sustainability initiatives, supply chain developments, and regulatory compliance achievements. Bookmark this page for direct access to primary source materials and analysis-free reporting on one of Brazil's most significant agribusiness exporters.
BRF S.A. announced the pricing of an international offering of senior notes totaling $500 million. This offering attracted significant investor interest, with demand exceeding ten times the amount offered. The notes carry a 5.750% annual coupon, maturing on September 21, 2050, with payments starting on March 21, 2021. Proceeds will be used to repay outstanding debts and for general corporate purposes. The notes will not be registered under the U.S. Securities Act and will be sold to qualified institutional buyers.
BRF S.A. has initiated a cash offer to purchase outstanding senior notes, including the 5.875% 2022 Notes, 2.750% Euro Notes, and 3.95% 2023 Notes. The company is also offering to buy up to $500 million of its 4.75% 2024 Notes and 4.350% 2026 Notes, contingent upon the issuance of new debt securities. The total consideration for the 2022 Notes is $1,060 per $1,000 principal amount. The Offers will expire on September 21, 2020, with expected settlement on September 24, 2020. Full details are available in the Offer to Purchase.
BRF announced the expiration and results of its cash tender offers for five series of senior notes, totaling approximately U.S. $300 million. The offers included 5.875% Senior Notes due 2022, 2.750% Senior Notes due 2022, 3.95% Senior Notes due 2023, 4.75% Senior Notes due 2024, and 4.350% Senior Notes due 2026. As of July 24, 2020, valid tenders included U.S. $27.19 million (24.87%) for the 2022 Notes and €119.06 million (36.66%) for the Euro Notes. Accepted notes will settle on July 27 and 28, 2020. The company opted not to purchase the 2026 Notes due to exceeding the aggregate tender consideration limit.
BRF announced a cash offer to purchase all outstanding senior notes, including 5.875% Notes due 2022 and 2.750% Euro Notes, among others. The total consideration for the offers is capped at U.S.$300 million, excluding accrued interest. The offers commenced on July 17, 2020, and expire on July 24, 2020. Notably, the tender consideration for each series of notes varies, with the 2022 Notes offering U.S.$1,050.00 per U.S.$1,000 principal. Validly tendered notes are eligible for accrued interest until the settlement date, expected on July 27, 2020.
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