BRF meets banks for revolving credit facility

BRF meets banks for revolving credit facility

Loans

Brazilian protein company BRF held a bank meeting Wednesday for a $800m, 5-year revolving credit facility, LatinFinance understands. The loan is tied to a ratings grid and pays 140bp over Libor at the Brazilian protein company’s current rating of Baa3/BBB-. If its rating is Baa2/BBB or better, it pays 125bp. With a rating of Ba1/BB+, it pays 165bp over Libor, and at Ba2/BB or below, it pays 205bp over Libor. Citi, HSBC, Morgan Stanley and Santander lead the deal, which comes after Brasil Foods c

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial