Minerva Tender Offer

Davis Polk advised the dealer managers in connection with Minerva Luxembourg S.A.’s offer to purchase for cash any and all of its $291.1 million of outstanding 8.750% perpetual notes.

Minerva is one of South America’s largest producers of protein products, with a focus on the production and sale of chilled and frozen beef, processed protein products, live cattle and beef by-products.

The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Lourenco Lopes-Sabino. Rachel D. Kleinberg, Catherine L. Chu and Joseph M. Gerstel provided tax advice. Members of the Davis Polk team are based in the São Paulo, Northern California and New York offices.