Jbs S.A. (JBSAY) has released an update.
JBS S.A. has announced its plan to exchange various series of existing notes for new, equally valued bonds with identical financial terms and covenants, except that the new bonds will be registered under the U.S. Securities Act and free of transfer restrictions. The exchange offers cover notes with varying returns and maturity dates, with no current intention to list the new notes on any stock exchange. Investors are cautioned that the news includes forward-looking statements, which are subject to risks and uncertainties that could cause actual outcomes to differ from those projected.
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