Marfrig issues R$ 1.8 billion for cattle purchases

Marfrig Global Foods announced the issuance of R$ 1.8 billion in simple debentures (unsecured debt), in up to five series, for cattle purchases. The fundraising will be conducted by Eco Securitizadora, which will issue Agribusiness Receivables Certificates (CRAs) to raise R$ 1.5 billion in the market.

A total of 1,875,000 debentures will be issued, each valued at R$ 1,000, with a term of 1,854 days. BTG Pactual will lead the offering, with participation from BB-BI, XP, Safra, Bradesco BBI, and Santander.