JBS USA said it would use proceeds from the transactions to extend its debt maturity by refinancing its shorter term debt and through taking out senior unsecured notes that will be due in 2014.
"The conclusion of both these issuances is another important step in improving the debt profile of JBS and represents a cost reduction in the order of $40 million per annum in debt servicing costs, thus generating value for the Company’s shareholders," the company said.
