JBS S.A. AND JBS USA HOLDING LUX S.À R.L. ANNOUNCE EXPIRATION AND … – PR Newswire
JBS S.A. and JBS USA Holding Lux S.à r.l. have some news to share about their recent exchange offers for Existing Notes. The offers were a big success, with a high percentage of Existing Notes being tendered for exchange. Let’s break down the details.
As of the Expiration Date on November 25, 2024, here is a summary of the Existing Notes that were tendered and accepted for exchange:
– 6.750% Senior Notes due 2034: 99.64% tendered
– 7.250% Senior Notes due 2053: 99.93% tendered
– 2.500% Senior Notes due 2027: 62.87% tendered
– 5.125% Senior Notes due 2028: 87.84% tendered
– 6.500% Senior Notes due 2029: 43.09% tendered
– 3.000% Senior Notes due 2029: 74.64% tendered
– 5.500% Senior Notes due 2030: 70.56% tendered
– 3.750% Senior Notes due 2031: 14.85% tendered
– 3.000% Sustainability-Linked Senior Notes due 2032: 99.99% tendered
– 3.625% Sustainability-Linked Senior Notes due 2032: 28.31% tendered
– 5.750% Senior Notes due 2033: 70.81% tendered
– 4.375% Senior Notes due 2052: 56.52% tendered
– 6.500% Senior Notes due 2052: 100% tendered
For those who participated and tendered their Existing Notes, they are soon to receive an equivalent principal amount of New Notes for the series they exchanged. The settlement of the Exchange Offers is expected to take place around November 27, 2024.
The New Notes being issued in the Exchange Offers have terms that mirror those of the Existing Notes. The main difference is that the New Notes will be registered under the Securities Act, ensuring compliance with transfer restrictions and registration rights for holders.
