By Christine Van Dusen
Atlanta, April 9 - Brazil's Grupo JBS-Friboi priced a $275 million add-on to its 6¼% notes due Feb. 5, 2023 (/BB/BB-) at 99.989 to yield 6¼%, a market source said.
Deutsche Bank, JPMorgan and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The original $500 million issue priced in January at 98.183 to yield 6½% via BB Securities, Bradesco BBI, Deutsche Bank, JPMorgan and Santander in a Rule 144A and Regulation S deal.
JBS is a meat processor based in Sao Paulo.
| Issuer: | Grupo JBS-Friboi
|
| Amount: | $275 million
|
| Maturity: | Feb. 5, 2023
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, JPMorgan, Santander
|
| Coupon: | 6¼%
|
| Price: | 99.989
|
| Yield: | 6¼%
|
| Change-of-control put: | At 101
|
| Trade date: | April 8
|
| Ratings: | Standard & Poor's: BB
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
