JBS USA Lux S.A. Announces Closing of Senior Notes Offering

GREELEY, Colo., Feb. 15, 2018 -- JBS USA Lux S.A. (formerly known as JBS USA, LLC) (“JBS USA”) and JBS USA Finance, Inc. today announced that they successfully closed their previously announced offering of US$900.0 million aggregate principal amount of 6.75% senior notes due February 15, 2028 (the “Notes”).  

JBS USA intends to use the net proceeds from this offering to pay for a previously announced redemption for all of its US$700.0 million aggregate principal amount of 8.25% senior notes due 2020 (the “2020 Notes”), with the remaining proceeds to be used for general corporate purposes, including to repay a portion of the outstanding amount under its senior secured revolving credit facility.  The redemption of the 2020 Notes will take place on March 5, 2018.

This press release does not constitute a notice of redemption for purposes of the redemption provisions of the indenture governing the 2020 Notes.  A conditional notice of redemption was previously given in accordance with the terms of the indenture governing the 2020 Notes.

This press release is neither an offer to purchase or sell nor a solicitation of an offer to sell or buy the 2020 Notes or the 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 will not be registered under the 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 any U.S. persons 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 under the Securities Act.

Important Notice Regarding Forward-Looking Statements

This press release contains certain forward-looking statements.  Statements that are not historical facts, including statements about our 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, 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 a leading processor of beef and pork in the United States, the number one processor of beef in Australia in terms of daily slaughtering capacity, and the number two processor of chicken in the U.S., the U.K., and Mexico through its subsidiary, Pilgrim’s Pride Corporation.  The Company processes, prepares, packages and delivers fresh, processed and value-added beef, pork, chicken, and lamb products for sale to customers in the United States and international markets. In addition to the U.S. and Australia, the Company has processing facilities in Canada (beef), Europe (chicken) and Mexico (chicken). The Company is an indirect wholly owned subsidiary of JBS S.A., the world’s largest animal protein producer.

CONTACT:   
Dunham Winoto
Director, Investor Relations
[email protected]
970-506-8192

Web site: http://www.jbssa.com/

SOURCE: JBS USA