We advised the initial purchasers on the Rule 144A / Regulation S offering

Davis Polk advised the initial purchasers in connection with the Rule 144A / Regulation S offering by JBS Finance Luxembourg S.à r.l. of $1 billion aggregate principal amount of its 3.625% notes due 2032 guaranteed by JBS S.A.

JBS is the largest protein company and the second-largest food company in the world in terms of net revenue, with a diversified global platform that allows JBS to prepare, package and deliver fresh, value-added and branded beef, poultry, pork and lamb products to leading retailers and foodservice customers, selling its products to more than 275,000 customers worldwide in approximately 190 countries on six continents.

The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover, Konstantinos Papadopoulos and Felipe Saraiva Carneiro. Ethan R. Goldman and Dov Sussman advised on U.S. tax matters. Members of the Davis Polk team are based in the São Paulo, New York and Northern California offices.