Marfrig Holdings Europe B.V.'s Planned $300 Million Senior Unsecured Notes Rated 'B+' - S&P Credit Research

Marfrig Holdings Europe B.V.'s Planned $300 Million Senior Unsecured Notes Rated 'B+'

1064 words — Published Jan 09, 2013
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Abstract:

SAO PAULO (Standard&Poor's) Jan. 9, 2013--Standard&Poor's Ratings Services said today that it assigned its 'B+' rating to Marfrig Holdings Europe B.V.'s planned $300 million senior unsecured notes due 2017. The rating on the issue reflects the credit quality of both Brazil-based Marfrig Alimentos S.A. (Marfrig; B+/Negative/--), which will irrevocably and unconditionally guarantee the bonds, and its most relevant operating subsidiaries; we analyze these as a single group. The proposed bond issuance, together with the company's recent equity offering through which Marfrig raised about R$1 billion (or about $500 million), will improve its capital structure by reducing overall debt and extending its maturities, lowering the company's annual refinancing risks and sizable interest rate burden. "We expect Marfrig

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF Marfrig Holdings Europe B.V.'s Planned $300 Million Senior Unsecured Notes Rated 'B+' Publication date: 09-Jan-2013 Primary Credit Analyst: Flavia M Bedran, Sao Paulo (55) 11-3039-9758; flavia_bedran@standardandpoors.c...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers
Country
Region
Latin America
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MLA:
S&P Credit Research. "Marfrig Holdings Europe B.V.'s Planned $300 Million Senior Unsecured Notes Rated 'B+'" Jan 09, 2013. Alacra Store. Sep 19, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Marfrig-Holdings-Europe-B-V-s-Planned-300-Million-Senior-Unsecured-Notes-Rated-B-1060851>
  
APA:
S&P Credit Research. (). Marfrig Holdings Europe B.V.'s Planned $300 Million Senior Unsecured Notes Rated 'B+' Jan 09, 2013. New York, NY: Alacra Store. Retrieved Sep 19, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Marfrig-Holdings-Europe-B-V-s-Planned-300-Million-Senior-Unsecured-Notes-Rated-B-1060851>
  
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