The Firm recently represented BRF – Brasil Foods S.A. in an offering of US$250 million aggregate principal amount of additional 5.875% Senior Notes due 2022. The additional notes constituted a reopening of the US$500 million aggregate principal amount of notes initially issued on June 6, 2012, increasing the aggregate principal amount of the series to US$750 million. The international offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933. The net proceeds from the offering will be used by Brasil Foods to extend its debt maturity profile.
Brasil Foods is the largest food company in Brazil and one of largest food exporters in the world. The company focuses on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products.
The Simpson Thacher team included Juan Francisco Mendez, John Ericson, Glenn M. Reiter, William Langer, Nicolas Ferre, Taissa Licatti and Francesco Giuliano (Capital Markets) and Jon Cantor and Chang Won Choi (Tax). Summer associate Shannon Guy also provided valuable assistance.
