JBS USA FOOD COMPANY ANNOUNCES TENDER OFFERS FOR CERTAIN OUTSTANDING SERIES OF NOTES
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Title of |
CUSIP/ISIN |
Principal |
Pool 1 Tender |
Acceptance |
|
Bloomberg |
Fixed |
Early |
Pool 1 |
6.500% Senior |
46590XAA4, |
|
|
1 |
4.625% |
FIT1 |
+ 145 bps |
|
5.750% Senior |
L56608AL3 and |
|
2 |
4.375% |
FIT1 |
+ 130 bps |
|
||
2034 Notes |
6.750% Senior |
47214BAA6 and |
|
— |
3 |
4.375% |
FIT1 |
+ 140 bps |
|
(1) |
|
(2) |
Subject to the Maximum Amount, the Pool 1 Tender Cap and proration, if applicable, the principal amount of each series of Notes that is purchased in the tender offers will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order) specified in this column. |
(3) |
The applicable par call date is, with respect to (i) the 6.500% Senior Notes due 2029, |
(4) |
Per |
(5) |
The Total Consideration (as defined below) for each series of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the applicable Fixed Spread (as defined below) and is inclusive of the applicable Early Tender Payment (as defined below). The Total Consideration for each series of Notes does not include the applicable accrued and unpaid interest, which will be payable in addition to the applicable Total Consideration. |
The tender offers are being made upon the terms, and subject to the conditions, described in the offer to purchase, dated
The tender offers for the Notes will expire at
The applicable consideration (the "Total Consideration") offered per
Notes tendered after the applicable Early Tender Date but prior to or at the applicable Expiration Date will be eligible for purchase only if and to the extent that the aggregate purchase price, excluding the applicable accrued and unpaid interest, of Notes that are validly tendered and accepted for purchase in the tender offers as of the Early Tender Date is less than the Maximum Amount, subject to the Pool 1 Tender Cap and the Acceptance Priority Levels.
The tender offers will expire on the applicable Expiration Date. Provided that the conditions of the applicable tender offer are satisfied,
Tendered Notes may be withdrawn prior to or at, but not after,
The tender offers are subject to the satisfaction or waiver of certain conditions, which are specified in the Offer to Purchase. The tender offers are not conditioned on any minimum principal amount of Notes being tendered.
Information Relating to the Tender Offers
The full details of the tender offers, including complete instructions on how to tender Notes, are included in the Offer to Purchase. The Offer to Purchase may be obtained from
Neither the Offer to Purchase nor any related documents have been filed with the
The tender offers are being made solely on the terms and conditions set forth in the Offer to Purchase. Under no circumstances shall this news release constitute an offer to buy or the solicitation of an offer to sell the Notes or any other securities of
Important Notice Regarding Forward-Looking Statements
This news release includes statements reflecting assumptions, expectations, intentions or beliefs about future events that are intended as "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. All statements included in this news release, other than statements of historical fact, that address activities, events or developments that
About
CONTACT: |
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Treasurer |
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e-mail: JBS.USA@jbssa.com |
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+1 (970) 506-8117 |
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