JBS SA (JBSAY) has released an update.
JBS USA Food Company has initiated cash tender offers for several outstanding series of notes, with a maximum aggregate purchase price of $500 million, excluding accrued and unpaid interest. The offers, set to expire on July 11, 2024, include an Early Tender Payment for notes tendered by June 25, 2024, with subsequent purchase conditions subject to prioritization and potential adjustment by the company. Funding for these purchases will be covered by the company’s existing cash reserves.
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