Marfrig places issuance worth over US$ 250 million

Marfrig completed a new issuance of Agribusiness Receivables Certificates (CRAs) totaling R$ 1.5 billion (around US$ 253 million). The operation, coordinated by BTG Pactual and with participation from BB Investimentos, XP, Safra, Bradesco BBI, and Santander, attracted full market demand.

Marfrig set a record term of 20 years for the issuance, the longest ever carried out by the company, reflecting its commitment to extending its debt profile and reducing short-term pressure.

Demand was strong enough to complete the issuance without triggering an additional allotment of up to 25% initially foreseen. The funds raised will be used for cattle purchases from livestock producers. The issuance received a preliminary rating of “brAAA (sf)” from Standard & Poor's.

Source: Estadão