Notice to the Market
Conclusion of the Anticipated Tender Offering
Barretos, February 13, 2013 – Minerva S.A. (“Company”), one of the leaders in South America in the production and sale of fresh beef, live cattle and cattle byproducts, with operations also in the beef, pork and poultry processing segments, hereby informs its shareholders and the market in general the conclusion of the Anticipated Tender Offer for debt securities issued abroad by the Company’s subsidiaries, with maturities scheduled in 2017, 2019 and 2022. The Anticipated Tender Offer included the repurchase of: US$10,685,000 of the principal for the 2017 Notes, equal to approximately 32% of the outstanding 2017 Notes, US$317,976,000 of the principal for the 2019 Notes, equal to approximately 85% of the outstanding 2019 Notes, US$320,137,000 of the principal for the 2022 Notes, equal to approximately 71% of the outstanding 2022 Notes.
The Anticipated Tender Offer was performed using the proceeds from the issuance of the Notes 2023 (on which will pay semiannually interest at a coupon of 7.75% p.a.) and is part of a clear strategy of liability management, which aims at the constant improvement in the company‘s cost of debt. The acceptance of more than 75% of the holders of all Notes with maturities scheduled for 2017, 2019 and 2022 in the repurchase process demonstrates that the Company has obtained successful results in the implementation of its strategy
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