Marfrig unit ends cash offer for 2029 senior notes

Marfrig Global Foods said on Oct. 2, 2026 that its subsidiary NBM US Holdings has terminated a cash offer for any and all outstanding 6.625% senior notes due 2029. The notes carried an aggregate principal amount outstanding of US$467,471,000, and the company said the offer ended because the financing condition was not satisfied.

For holders of the notes, that means no bonds will be bought under the offer and no consideration will be paid for any tendered notes. NBM said any notes that were previously tendered and not withdrawn will be promptly returned to the holders that submitted them.

The company said the offer had depended, among other things, on the closing of a debt offering by MARB BondCo PLC, to be guaranteed by Marfrig Global Foods and the other guarantors, on terms satisfactory to NBM. It said the debt offering was supposed to generate net proceeds of at least the amount needed to pay the consideration for notes accepted for purchase, plus accrued interest and any applicable additional amounts.

NBM said the termination is formal and that it may start a new tender offer later, although it is not obliged to do so. It also said the press release is for informational purposes only and is not an offer to buy or a solicitation to sell securities.