JBS Launches Tender

JBS Launches Tender

Brazil Bonds

JBS USA has launched a tender offer targeting its 11.625% 2014 bonds, it says, to be funded by a combination of new bond and loan debt. The unit of the Brazilian meatpacker is offering holders $1,067.79 per $1,000.00 principal through a September 16 early deadline, and $1,047.79 per $1,000.00 through the September 30 final deadline. The 2014 bond has $700m outstanding. JBS is planning to raise $400m in new senior 2021 bonds, and is arranging an equal amount of term loans. The timing of the new d

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