The Firm recently represented BRF S.A. (formerly known as BRF – Brasil Foods S.A.) in an offering of US$500 million aggregate principal amount of 3.95% Senior Notes due 2023 and R$500 million aggregate principal amount of 7.75% Senior Notes due 2018. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
The Firm also represented BRF S.A. and its subsidiaries in an exchange offer in which US$29.3 million aggregate principal amount of outstanding 6.875% Notes due 2017 issued by BRF’s subsidiary Sadia Overseas Ltd. and US$120.7 million aggregate principal amount of outstanding 7.250% Senior Notes due 2020 issued by BRF’s subsidiary BFF International Limited were exchanged for US$150 million aggregate principal amount of 3.95% Senior Notes due 2023 issued by BRF.
BRF S.A. is the largest food company in Brazil and one of largest food exporters in the world. The company focuses on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products.
The Simpson Thacher team included John Ericson and Rodrigo Surcan dos Santos (Capital Markets – New York), Taissa Macaferri Licatti (Capital Markets – São Paulo) and Rob Holo, Jon Cantor and Chang Won Choi (Tax). Summer associate Elina Rozovskaya also provided valuable assistance.
