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 just wrapped up their offer to exchange existing notes for new ones. The Exchange Offers officially ended at 5:00 p.m., New York City time, on November 25, 2024. Here’s the scoop on what went down:

– For the 6.750% Senior Notes due 2034, a whopping 99.64% of Existing Notes were tendered.
– The 7.250% Senior Notes due 2053 saw an impressive 99.93% participation rate.
– As for the 2.500% Senior Notes due 2027, 62.87% joined in.
– The 5.125% Senior Notes due 2028 garnered 87.84% involvement.
– Moving on to the 6.500% Senior Notes due 2029, 43.09% jumped on board.
– The 3.000% Senior Notes due 2029 had a participation rate of 74.64%.
– Participants in the 5.500% Senior Notes due 2030 reached 70.56%.
– On to the 3.750% Senior Notes due 2031, with a 14.85% acceptance rate.
– The 3.000% Sustainability-Linked Senior Notes due 2032 hit nearly 100% acceptance.
– Participants in the 3.625% Sustainability-Linked Senior Notes due 2032 totaled 28.31%.
– Moving forward to the 5.750% Senior Notes due 2033, where 70.81% were on board.
– The 4.375% Senior Notes due 2052 had a 56.52% participation rate.
– And last but not least, the 6.500% Senior Notes due 2052 were fully subscribed.

For participants who tendered their notes and left them there until the cutoff, they can expect to receive an equivalent amount of New Notes of the same series. The settlement is slated to happen around November 27, 2024.

It’s worth noting that the terms of the new notes are pretty much in line with the existing ones, with the main difference being that the new ones are registered under the Securities Act. Exciting times for JBS and everyone involved!