BRF Priced 5.750% Senior Notes Due 2050
BRF S.A. announced the pricing of an international offering of senior notes totaling $500 million. This offering attracted significant investor interest, with demand exceeding ten times the amount offered. The notes carry a 5.750% annual coupon, maturing on September 21, 2050, with payments starting on March 21, 2021. Proceeds will be used to repay outstanding debts and for general corporate purposes. The notes will not be registered under the U.S. Securities Act and will be sold to qualified institutional buyers.
- High investor demand with offers exceeding ten times the amount issued.
- Coupon rate of 5.750% provides a competitive yield for investors.
- Proceeds primarily targeted towards debt repayment, indicating existing financial obligations.
- Notes not registered under U.S. Securities Act may limit certain investor access.
SÃO PAULO, Sept. 16, 2020 /PRNewswire/ -- BRF S.A. ("BRF") communicates to its shareholders and to the market in general that it priced, on the date hereof, an international offering of senior notes in the aggregate amount of U.S.
The Notes, which will mature on September 21, 2050, will be issued with a coupon of
BRF intends to use a portion of the net proceeds of the offering of the Notes to repay certain of its outstanding indebtedness, which may include all or a portion of its outstanding
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration requirements. The Notes are being sold exclusively to qualified institutional buyers, as defined under Rule 144A of the Securities Act, and to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes have not been, and will not be, registered with the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM). The Notes were not offered and will not be sold in Brazil, except in circumstances that do not constitute a public offering or unauthorized distribution under Brazilian laws and regulations. BRF will apply to list the Notes on the Luxembourg Stock Exchange for trading on the Euro MTF Market, subject to approval by the same.
This announcement does not constitute an offer to sell the Notes nor a solicitation of an offer to buy the Notes, nor shall any offer or sale of these Notes take place in any state or jurisdiction in which such offering is prohibited under the securities laws of that state or jurisdiction.
About BRF
BRF is a sociedade anônima (corporation) organized under the laws of the Federative Republic of Brazil. Our principal executive offices are located at Av. das Nações Unidas, 8501 – 1st Floor, Pinheiros, 05425-070, São Paulo, SP, Brazil, and our telephone number at this address is +55-11-2322-5000/5355/5048.
BRF S.A.
Investor Relations Department
Av. Nações Unidas, 8,501, 1st floor
05425-070 – São Paulo – SP – Brasil
Tel.: 11 2322-5377
E-mail: acoes@brf-br.com
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SOURCE BRF
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