The Firm recently represented BB Securities Limited, Banco Bradesco BBI S.A., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc., as initial purchasers, in a sale of US$500 million of 6.25% Senior Notes due 2023 issued by ESAL GmbH and unconditionally guaranteed by its parent company JBS S.A., a Brazilian corporation, and JBS Hungary Holdings Kft., a wholly owned subsidiary of JBS S.A. The offering was conducted in reliance upon Rule 144A and Regulation S.
JBS S.A. is the world’s largest protein company, and the world’s largest beef producer and exporter. They process, prepare, package and deliver fresh and further processed and value-added beef, pork, lamb and poultry products in approximately 140 countries on five continents. They have operations in the United States, Brazil, Australia, Argentina, China, Italy, Mexico, Paraguay, Puerto Rico, and Uruguay. JBS S.A. is using the net proceeds from the offering principally to refinance indebtedness.
The Simpson Thacher team for the transaction included, among others, Grenfel S. Calheiros, Benjamin Wells, Gustavo Pinto and Taissa Licatti (Capital Markets), Jonathan Cantor and Danny Salinas (Tax) and Manuela Lisboa and Catarina Granadeiro (International Associates).
