Davis Polk advised BB Securities Ltd., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc. and Santander Investment Securities, Inc. as initial purchasers in connection with the reopening by BRF – Brasil Foods S.A. of $250 million aggregate principal amount of its 5.875% notes due 2022, which constitute a further issuance of the 5.875% notes issued on June 6, 2012. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.
Headquartered in São Paulo, Brazil, Brasil Foods is one of the largest food companies in the country, with a focus on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products. Brasil Foods distributes its products to customers in Brazil and in more than 140 other countries.
The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Debora A. Ayoub. The tax team included Samuel Dimon and Yuliya Epifantseva. Inés Velasco was the legal assistant on the transaction. Members of the Davis Polk team are based in the São Paulo and New York offices.
