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JBS USA readies launch of $400 million term loan for Wednesday
By Sara Rosenberg
New York, Sept. 3 - JBS USA LLC will hold a conference call at 11 a.m. ET on Wednesday to launch a $400 million seven-year term loan, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds from the loan, along with $400 million of new senior notes due 2021, will be used to fund a tender offer for the company's 11 5/8% senior notes due 2014.
The tender offer expires on Sept. 16.
JBS is a Greeley, Colo.-based beef, pork and lamb processing company.
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