The Firm recently represented the initial purchasers, led by J.P. Morgan, in a sale of $700 million of 8.250% Senior Notes due 2020 of JBS USA, LLC, a Delaware corporation, pursuant to Rule 144A and Regulation S.
JBS USA, LLC is a leading processor of beef and pork in the United States and the number one processor of beef in Australia in terms of daily slaughtering capacity. The Company processes, prepares, packages and delivers fresh, processed and value-added beef and pork products for sale to customers in over 60 countries on six continents.
The Company is an indirect wholly owned subsidiary of JBS S.A., a Brazilian company, the world’s largest beef producer. The issuance of the notes is primarily aimed at rebalancing debt within the capital structure of JBS S.A. and its subsidiaries.
The Simpson Thacher team for this transaction included Grenfel Calheiros (Capital Markets – São Paulo); John Ericson, Benjamin Wells and Taissa Macaferri Licatti (Capital Markets – New York); Adeeb Fadil and Noreen Lavan (Environmental); Jonathan Cantor and Danny Salinas (Tax); Greg Grogan and Stephanie Mash (Executive Compensation & Employee Benefits); Scott Dyer (Labor); and Andrew Pagliughi (Blue Sky).