Bulletin: Marfrig Holdings Europe B.V. Debt Rating Unchanged On Additional $250 Million From Expected $500 Million Bond Issuance

São Paulo (S&P Global Ratings) May 30, 2016--S&P Global Ratings today said that its 'B+' issue-level rating on Marfrig Holdings Europe B.V. and 'B+' global-scale, long-term corporate credit rating on Marfrig Global Foods S.A. are unchanged following the conclusion of the bond offer of $750 million on May 25, 2016, $250 million above the initial proposed offer. The company will use bond proceeds to finance the tender offers for the 2016, 2017, 2018, and 2020 bonds outstanding. The additional $250 million should not change materially our forecast leverage ratios or recovery rating, because any remaining net proceeds will pay down debt. For more information on Marfrig Holdings, see the research report published May 24, 2016, on RatingsDirect.

...Spo Paulo (S&P Global Ratings) May 30, 2016--S&P Global Ratings today said that its 'B+' issue-level rating on Marfrig Holdings Europe B.V. and 'B+' global-scale, long-term corporate credit rating on Marfrig Global Foods S.A. are unchanged following the conclusion of the bond offer of $750 million on May 25, 2016, $250 million above the initial proposed offer. The company will use bond proceeds to finance the tender offers for the 2016, 2017, 2018, and 2020 bonds outstanding. The additional $250 million should not change materially our forecast leverage ratios or recovery rating, because any remaining net proceeds will pay down debt. For more information on Marfrig Holdings, see the research report published May 24, 2016, on RatingsDirect. Only a rating committee may determine a rating action and this report does not constitute a rating action....

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