by Thomas Muskett-Ford

Brasil Foods´ Austrian arm has retained Simpson Thacher & Bartlett LLP in São Paulo and New York and Brazilian firm Machado, Meyer, Sendacz e Opice Advogados to issue notes worth US$500 million.

Davis Polk & Wardwell LLP in São Paulo and New York advised the deal managers for the transaction, which closed late last month. Brazil´s Pinheiro Guimarães - Advogados is thought to have also represented the banks, but this could not be confirmed.

The firms also helped Brasil Foods (BRF) successfully complete an US$86 million cash tender for notes due in 2020 and 2022. That deal also closed last month.

BRF is raising debt amid fresh rumours of an imminent IPO. Last month, US media outlet Bloomberg said the company was working with Morgan Stanley and Bank of America to float its halal food arm, Sadia Halal. Likely venues include the London or Dubai stock exchanges. The IPO may value Sadia Halal as high as US$5 billion.

Counsel to BRF

Simpson Thacher & Bartlett LLP

Partner Grenfel Calheiros and associates Rodrigo Surcan dos Santos, Tosca Augustin and Marcelo Lorenzen in São Paulo; and counsel Jon Cantor, associate Michael Badain and international associate Débora Sejtman in New York

Machado, Meyer, Sendacz e Opice Advogados

Partner Nei Zelmanovits and associates Karina Tiaki Momose and William Rizzi Cavalcante in São Paulo

Counsel to BB Securities, Bradesco, Itau, JP Morgan and Santander

Davis Polk & Wardwell LLP

Partner Manuel Garciadiaz, counsel Drew Glover and associate Lourenço Lopes-Sabino in São Paulo; and partner Po Sit and associate Peter Benesch in New York

(Latin Lawyer - 12.10.2016)

(Notícia na íntegra)

http://latinlawyer.com/news/article/50361/brf-taps-debt-market-ahead-rumoured-ipo/