We advised the representatives of the initial purchasers on the offering and the dealer managers on the tender offer

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A / Regulation S offering by JBS N.V., JBS USA Foods Group Holdings, Inc. and JBS USA Food Company Holdings of $1.5 billion aggregate principal amount of 5.625% senior notes due 2037 and $1 billion aggregate principal amount of 6.400% senior notes due 2057. Davis Polk also advised the dealer managers in connection with JBS USA Food Company Holdings’ offer to purchase for cash a combined aggregate principal amount of up to $1.2 billion aggregate principal amount of its 6.750% senior notes due 2034 and its 5.950% senior notes due 2035.

JBS N.V. is one of the world’s largest producers of beef, pork, chicken and packaged food products, with operations in the United States, Canada, Australia, New Zealand, Mexico and Europe. JBS N.V. is the largest protein company and one of the largest food companies in the world in terms of net revenue for the year ended December 31, 2025. It has approximately 283,000 employees worldwide and sells products in approximately 197 countries on six continents.

The Davis Polk corporate team included partner Manuel Garciadiaz and counsel Drew Glover. Counsel Ziyuan (Constance) Zhang and associate Bryce Maxey advised on U.S. tax matters. Members of the Davis Polk team are based in the São Paulo and New York offices.

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