July 13, 2020 |
Brazil's JBS SA, the world's largest meatpacker, said on Friday it would buyback $875 million worth of its bonds in August, according to a securities filing.
The company, which has been hit hard by the COVID-19 pandemic sweeping through its facilities, said it would redeem in cash 100% of its aggregate outstanding amount of 6.25% 2023 notes for $425 million at a price of 101.042. The notes, issued at a discount price of 98.183 in February 2013 by JBS Investments GmbH, were last bid at 100.50 wit
World's largest meat producer says retiring debt will cut annual interest expense by $53 million