September 12, 2019
Brazil's BRF said on Wednesday that it has offered to repurchase more than $1bn in outstanding notes that mature between 2022 and 2024.
The food company put out the call to buy back any and all of its 5.875% 2022 notes, its 3.95% 2023 notes and its 2.75% 2022 notes in euros through September 18. After that, it said it could buy back some of it 4.75% 2024 notes if it does not spend more than $410m to acquire the other bonds.
BRF has $119m in outstanding 2022 bonds, $500m in 2023s and €500m ($550m
Brazilian food company targets more than $1bn in outstanding notes as it moves to lower debt burden