JBS' US division fills up bond buyback

JBS' US division fills up bond buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Brazil United States

JBS USA, the Colorado-based subsidiary of Brazilian meatpacker JBS, said Tuesday that it agreed to repurchase $1.81 billion worth of bonds that were set to mature in 2028 and 2029. JBS will buy back $761 million in 6.75% 2028 notes and $1.05 billion in 6.5% 2029 bonds after offering to pay $1,053.75 for every $1,000 in principal on the 2028s and $1,046.25 for the 2029s, including $30 premiums for bondholders who tendered their notes by June 17, it said in a press release. The company has also of

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