BRF’s $300 Million Reopening of Bond Offering

Simpson Thacher and Veirano Advogados represented BRF S.A. on the deal.

BRF S.A. (“BRF”) executed an offering of US$300 million aggregate principal amount of additional 5.75% Senior Notes due 2050, carried out through a private placement. The additional notes constituted a reopening of the US$500 million aggregate principal amount of notes initially issued on September 21, 2020, increasing the aggregate principal amount of the series to US$800 million. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.

The Initial Purchasers included Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, with The Bank of New York Mellon, as Trustee.

BRF is one of the largest producers of fresh and frozen protein foods in the world, with a portfolio of approximately three thousand stock keeping units.

The Simpson Thacher team advising BRF included Grenfel S. Calheiros (Picture), Kirsten L. Davis and Winnie Y. Loureiro (Capital Markets); and Jonathan Cantor, Dmitry Zelik and Scott Grundei (Tax).

Veirano Advogados team included Daniela Anversa, Daniel Malatesta, Levi Santos, and Victor Meneguelli.

Stephanie Wagner and Cristianie Wiener advised on the deal as BRF S.A. in house.

Involved fees earner: Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Kirsten Davis – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Winnie Loureiro – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett; Daniela Anversa – Veirano Advogados; Levi Custódio Santos – Veirano Advogados; Daniel Malatesta – Veirano Advogados; Victor Eduardo Meneguelli – Veirano Advogados;

Law Firms: Simpson Thacher & Bartlett; Veirano Advogados;

Clients: BRF SA;

Author: Ambrogio Visconti.