JBS S.A. Consent Solicitation and Cash Tender Offer

Davis Polk advised the dealer manager in connection with JBS Investments GmbH’s (1) cash tender offer and consent solicitation for any and all of the outstanding $750 million aggregate principal amount of its 7.250% senior notes due 2024, and (2) cash tender offer for up to $350 million aggregate principal amount of the outstanding $775 million aggregate principal amount of its 6.250% senior notes due 2023.

JBS is one of the world’s largest beef, pork and lamb processing companies. JBS processes, packages and delivers fresh, processed and value-added beef, pork, lamb and mutton products to customers in more than 190 countries on six continents.

The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Konstantinos Papadopoulos. The tax team included Po Sit and Joseph Jarashow. Members of the Davis Polk team are based in the São Paulo, New York and Northern California offices.