Brazil’s BRF units begin tender offers for three series of notes

By Susanna Moon

Chicago, May 20 – BRF SA and its subsidiaries Sadia Overseas Ltd. and BFF International Ltd. began tender offers for three series of notes.

The purchase price for each $1,000 principal amount will be as follows:

• $1,100.00 for Sadia’s $159,760,000 of 6 7/8% senior notes due 2017;

• $1,157.50 for BFF’s $219,642,000 of 7¼% senior notes due 2020; and

• $1,137.50 for BRF’s $750 million of 5 7/8% senior notes due 2022.

The company also will pay accrued interest.

The tender offers will end at 8 a.m. ET on May 28.

The information agent and tender agent is D.F. King & Co., Inc. (212 269-5550, 800 821-8780 or brf@dfking.com). The dealer managers are BB Securities Ltd. (+44 20 7367 5803), HSBC Securities (USA) Inc. (888 HSBC-4LM or 212 525-5552), Itau BBA USA Securities, Inc. (888 770-4828) and Standard Chartered Bank (212 667-0351).

BRF is a food company based in Sao Paulo, Brazil.

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