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Swift expected to bring $600 million 10-year note offering in July
By Paul A. Harris
St. Louis, May 29 - American beef and pork producer Swift & Co., in conjunction with Brazilian beef exporter Friboi, will bring a $600 million two-part offering of 10-year notes in July, according to a market source.
The bond proceeds will be used as part of the financing for the acquisition of Swift by J&F Participacoes SA, the majority owner of JBS SA, which in turn is the parent of Friboi.
The bonds are backed by bridge financing from Banco do Brasil, Citigroup, Santander, Rothschild and UBS.
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