BRF SA Announces Expiration And Final Results Of Its Cash Tender Offer For Its 4.875% Senior Notes Due In 2030, This The Besides The Brazilian Meat Processor Announces That It Has Joined The 2040 Zero Carbon Pledge

BRF SA, in an official announcement, declared the final results and expiration of its offer to make a cash purchase for up to the maximum amount of the total consideration of the outstanding 4.875% senior notes due in 2030. Accordingly, based on terms and subject to the conditions outlined in the offer to purchase dated June 2, 2021, the company made the offer. 

D.F. King & Co., Inc provides information on the cash tender offer

According to information received from D.F. King & Co., Inc., the information and tender agent for the offer, around 7.92% of the principal amount outstanding of the notes were not validly withdrawn and were validly tendered. Furthermore, D.F. King & Co., Inc., reported that the information and tender agent for the offer as of the expiration date. Subsequently, notes that have been not validly withdrawn and notes that have been validly tendered might not be withdrawn, or such tenders nullified, keeping in mind applicable law. 

It has also come to light that holders who validly tendered and refrained from validly withdrawing their notes in the offer on or before the expiration date will automatically be eligible to receive the total consideration. 

Brazil’s BRF is on the same boat as rivals in taking the 2040 zero-carbon pledge

In another development, it is learned that the Brazilian meat processor BRF SA has committed to working on ways to bring down its overall carbon emissions to zero by 2040. The company pledged to bring down emissions levels by sourcing about 50% of its energy from renewable sources like wind and solar by 2030. 

“The climate agenda is fundamental in the management of risk,” said Chief Financial Officer Carlos Moura. That plan is driving regulatory changes, he said. “We know it is not going to be an easy trajectory,” said Chief Executive Lorival Luz. “A goal of this magnitude demands participation of the entire supply chain.”

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