JBS USA Notes Offering, Consent Solicitation and Cash Tender Offer

Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by JBS USA Lux S.A., JBS USA Food Company and JBS USA Finance, Inc. of $1 billion aggregate principal amount of 6.50% senior notes due 2029.

Davis Polk also advised the dealer manager in connection with JBS USA Food Company’s cash tender offer and consent solicitation for up to the outstanding $659.946 million aggregate principal amount of its 7.250% senior notes due 2021 issued by JBS USA Food Company, JBS USA Lux S.A. and JBS USA Finance, Inc.

JBS USA is a processor of beef, pork and lamb in the United States, a processor of beef in Canada and the largest cattle feeder in the world with operations in the United States and Canada. JBS USA represents the North American arm of JBS S.A., the world's leading animal protein processor with more than 200,000 employees worldwide, more than 300 production units and export customers in more than 190 countries.

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