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03.06.2018 14:55:12
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JBS: Subsidiary Issues US$ 500 Million In Debt Due In 2022
(RTTNews) - JBS USA, a subsidiary of the Brazilian meatpacker JBS, concluded the issuance of US$ 500 million in debt through Term Loan B, expiring in October 2022 at a +2.5% Libor rate.
The proceeds should be earmarked for the payment of debt in the United States and for cash flow.
According to the company, the amount is US$ 50 million higher than the initial offering of US$ 450 million, due to demand more than 2.5 times higher than originally expected, leading to a cost of 0.25 percentage points better than initially estimated.
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