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Brazil’s BRF extends full tender consideration to expiration date
Chicago, June 15 – Brazil’s BRF SA announced that the company is extending the full consideration in its ongoing tender offer for its outstanding 4 7/8% senior notes due 2030 (Cusips: 10552TAG2, P1905CJX9) to the expiration date, according to a press release.
The company is extending the early tender premium of $30 in the total consideration of $1,047.50 per $1,000 note.
Previously, noteholders who tendered after the early deadline were due to receive $1,017.50 per note.
The company is offering to purchase up to $180 million of the notes.
The early deadline was 5 p.m. ET on June 15, also the withdrawal deadline.
In the initial offer, BRF planned an early settlement for June 16. However, no mention in the press release regarding the extension mentioned an early settlement date.
The offer expires at 11:59 p.m. ET on June 29, with settlement set for June 30.
There are no guaranteed delivery provisions for the offer.
Dealer managers for the offer are Banco BTG Pactual SA – Cayman Branch (212 293-4600, OL-DCM@btgpactual.com) and Citigroup Global Markets Inc. (212 723-6106, 800 558-3745).
D.F. King & Co., Inc is the information and tender agent for the offer (866 856-3605, 212 269-5550, brf@dfking.com, www.dfking.com/brf).
The food processing company is based in Sao Paulo.
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