Minerva nears $1 bln in buyback

Minerva nears $1 bln in buyback

Bonds Debt Fixed Income Capital Markets Asset Management Brazil United States

Brazilian beef company Minerva said Monday that bondholders tendered $912 million in 6.5% 2026 bonds, or 75.8% of the outstanding amount, by the early-bird deadline on March 12. Earlier this month, the São Paulo-based meatpacker offered to buy back up to $1.2 billion in outstanding 2026 bonds, saying it would pay $1,062.80 for for every $1,000 in notes tendered by the early-bird deadline. After the early cutoff date, Minerva offered to pay $1,032.80 for every $1,000 until the final deadline of M

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