The Firm recently represented Banco Bradesco BBI S.A., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, and Santander Investment Securities Inc., as initial purchasers, in a sale of US$750.0 million of 7.250% Senior Notes due 2024 issued by JBS Investments GmbH and unconditionally guaranteed by its parent company, JBS S.A., a Brazilian corporation, and JBS Hungary Holdings Kft., a wholly owned subsidiary of JBS S.A. The offering was conducted in reliance upon Rule 144A and Regulation S.
JBS S.A. is the world’s largest protein company and the world’s largest beef producer and exporter. JBS processes, packages, and delivers fresh and further processed and value-added beef, pork, lamb, and poultry products in approximately 170 countries on six continents. JBS has operations in the United States, Brazil, Australia, Argentina, China, Italy, Mexico, Paraguay, and Uruguay.
The Simpson Thacher team for the transaction included, among others, Grenfel S. Calheiros, Caetano A. Cunha, and Drake D. McKenney (Capital Markets), and Jonathan Cantor and Michael Cardella (Tax).