BRF Wraps Up Bond Exchange

BRF Wraps Up Bond Exchange

Bonds

Brasil Foods (BRF) has received acceptance from holders of $29m of its 6.875% 2017 notes and $121m of its 7.250% 2020 notes as of the final deadline of a tender offer, it says. The meat and poultry company targeted up to $150m total between the 2017s issued by the Sadia Overseas unit and the 2020s from BFF International, with the 2017s given priority. Holders tendering 2017 bonds will receive $1,000 in new BRF 2023 bonds, plus $170.25 in cash. Holders tendering 2020 bonds will receive $1,000 in

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