Marfrig Gets Bradesco Loan; USD Bonds Wait

Marfrig Gets Bradesco Loan; USD Bonds Wait

Brazil

With a dollar bond waiting in the wings for January, Brazil’s Marfrig Alimentos has signed a $300m 7-year loan from Bradesco. The loan comes with a 2-year grace period, the meatpacker says, and proceeds will refinance existing debt. It does not disclose the interest rate. Marfrig met with US and European bond investors last week in a “non-deal” roadshow, and is heard waiting until January to bring a bond. Moody's last week sweetened the outlook on Marfrig’s B1 rating to stable from negative, bas

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