GREELEY, Colo., July 23, 2019 /PRNewswire/ -- JBS
USA Lux S.A. ("JBS USA") today announced that it has commenced a
private offering of $1.0 billion
aggregate principal amount of senior notes due 2030 (the "Notes").
JBS USA, JBS USA Food Company and JBS USA Finance, Inc. will be co-issuers of the
Notes. JBS S.A. ("JBS"), certain other direct and indirect parent
companies of JBS USA and each of
JBS USA's wholly-owned U.S.
restricted subsidiaries that guarantee JBS USA's term loans will guarantee the Notes.
JBS USA intends to use the net
proceeds from this offering, together with its cash on hand, to
make an intercompany loan to JBS USA Holding Lux S.à r.l. for further transfer
to JBS. JBS intends to use the proceeds from the intercompany
loan to pay (1) the tender consideration for any and all of the
7.250% Senior Notes due 2024 (the "JBS S.A. 2024 Notes") and up to
$350.0 million of the 6.250% Senior
Notes due 2023 (the "JBS S.A. 2023 Notes"; and together with the
JBS S.A. 2024 Notes, the "Tendered Notes"), issued by JBS
Investments GmbH, tendered in connection with an offer to purchase
and consent solicitation that was announced separately today and
(2) the redemption price in connection with any redemption of the
JBS S.A. 2024 Notes that remain outstanding.
This press release is neither an offer to purchase nor a
solicitation of an offer to sell or buy the Notes or the Tendered
Notes. Any offer to purchase the Tendered Notes will be made solely
on the terms and subject to the conditions set forth in a separate
offer to purchase and consent solicitation that will be directed to
holders of the Tendered Notes. There shall not be any sale of the
Notes in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
The Notes and the guarantees will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), or
any state securities laws and may not be offered or sold in
the United States or to, or for
the account or benefit of, any U.S. persons (as defined in
Regulation S of the Securities Act) absent registration under the
Securities Act, or pursuant to an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities laws. The Notes will be offered only to "qualified
institutional buyers" under Rule 144A of the Securities Act or,
outside the United States, to
persons other than "U.S. persons" in compliance with Regulation
S.
Important Notice Regarding Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act and Section
21E of the U.S. Securities Exchange Act of 1934, as amended.
Statements that are not historical facts, including statements
about JBS USA's perspectives and
expectations, are forward-looking statements. The words "expect,"
"believe," "estimate," "intend," "plan" and similar expressions,
when related to JBS USA and its
subsidiaries and affiliates, indicate forward-looking statements.
These statements reflect the current view of management and are
subject to various risks and uncertainties. These statements are
based on various assumptions and factors, including general
economic, market, industry and operational factors. Any changes to
these assumptions or factors may lead to practical results
different from current expectations. Forward-looking statements
relate only to the date they were made and JBS USA undertakes no obligation to update
forward-looking statements to reflect events or circumstances after
the date they were made.
About JBS USA
JBS USA is one of the world's
largest beef, pork, chicken and packaged food processing companies.
In terms of daily production capacity, JBS USA is the leading beef processor and the
second-largest pork and chicken processor in the United States. In Australia, JBS USA is the leading processor of beef, lamb and
packaged foods. JBS USA processes,
packages and delivers fresh, processed and value-added beef, pork,
chicken, and lamb products to customers in more than 120 countries
on six continents. JBS USA is an
indirect, wholly-owned subsidiary of JBS, one of the world's
largest food companies and the world's largest protein company in
terms of revenue.
CONTACT:
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Dunham
Winoto
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Director, Investor
Relations
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JBS.USA@jbssa.com
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+1 (970)
506-8192
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WEBSITE: http://jbssa.com/
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SOURCE JBS USA Lux S.A.