JBS USA Food launches tender offer for 6½% notes due 2029

Chicago, Sept. 12 – JBS USA Food Co. started a cash tender offer for any and all of its $350 million outstanding 6½% senior notes due 2029 (Cusips: 46590XAA4, L56608AA7, L56608AD1), according to a press release.

The notes were issued by JBS USA Lux SA, JBS USA Food Co. and JBS USA Finance, Inc.

The company is offering $1,050 per $1,000 note, not including accrued interest. Interest will be paid, though, to the settlement date.

The tender offer is scheduled to expire at 5 p.m. ET on Sept. 20, also the withdrawal deadline.

There are guaranteed delivery procedures for the tender offer. Notes tendered via guaranteed delivery are due the second business day after the expiration time.

Settlement is expected for within three days of the expiration time. The guaranteed delivery settlement date is one day after that.

The tender offer is concurrent to a new offering of notes. The consummation of the new notes offering is a financing condition for the tender offer.

Barclays (212 528-7581, 800 438-3242, us.lm@barclays.com), BMO Capital Markets Corp. (212 702-1840, 833 418-0762, LiabilityManagement@bmo.com), Mizuho Securities USA LLC (212 205-7736, 866 271-7403), RBC Capital Markets, LLC (212 618-7843, 877 381-2099, liability.management@rbccm.com) and Truist Securities, Inc. (800 685-4786) are working as the dealer managers for the offer.

D.F. King & Co., Inc. is the information and tender agent for the offer (800 967-7574, 212 269-5550, jbs@dfking.com).

Greeley, Colo.-based JBS USA produces beef, pork, chicken and packaged food products.

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