JBS SA (JBSAY) has released an update.
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JBS S.A. has launched its first commercial paper program, allowing its subsidiaries to issue up to $1 billion in short-term unsecured notes to diversify their balance sheet and fund general corporate purposes. The notes, guaranteed by the company, will be sold in the U.S. commercial paper market, providing a new source of capital. This strategic move aims to enhance the company’s financial flexibility without the need for registration under the Securities Act.
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