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July 14, 2015

 

JBS receives US$1.2 billion loan for acquisition of Cargill's pork assets

 

 
     
 

A loan of US$1.2 billion had been granted to JBS SA which seeks to complete its acquisition of US pork assets under the hands of Cargill Inc.

 

The deal, worth US$1.45 billion, was announced less than a week after JBS declared its intention to buy Moy Park Ltd, a UK-based poultry and processed foods unit under Marfrig Global Foods SA.

 

Credit Suisse AG, Bank of America Merrill Lynch and Rabobank Nederland are the issuers of the loan that will be directed to JBS USA LLC, the company's US subsidiary.

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