Marfrig Global Foods said on 2 October 2026 that its subsidiary, NBM US Holdings, has ended a previously announced cash offer for all outstanding 6.625% senior notes due 2029, with $467,471,000 of principal still outstanding.
The company said the offer depended on a financing condition linked to a debt offering by MARB BondCo PLC, to be guaranteed by Marfrig and other guarantors, generating net proceeds of at least the amount needed to pay for the notes tendered and accepted, plus accrued interest and any additional amounts. That condition was not met, so NBM determined the offer had been terminated.
As a result, no notes will be bought under the offer and no consideration will be paid for notes already tendered. NBM said any notes that were tendered and not withdrawn will be promptly returned to the holders that submitted them.
The company said it may launch a new tender offer later, but it is under no obligation to do so. It also said the notice is for information only and is not an offer to buy or a solicitation to sell securities.
ประเด็นสำคัญ
- The offer covered $467,471,000 in outstanding 6.625% senior notes due 2029.
- NBM said the financing condition tied to a debt offering was not satisfied.
- No notes will be purchased and any tendered notes will be returned.
