Jones Day acts for banks on $500m Marfrig notes offering

Jones Day has advised a syndicate of international and Brazilian investment banks on an international offering of $500 million of 6.625 per cent senior notes due 2029 by a subsidiary of Marfrig Global Foods. 



Marfrig is a Brazilian corporation engaged in the production, processing, sale and distribution of meats and other food products.

This offering of green bonds is aimed at investors committed to sustainable development in accordance with established environmental and social criteria, the law firm said. 



Marfrig will use the net proceeds from the offering for the acquisition of cattle in Brazil from monitored cattle farms in the Amazon Biome region. The Jones Day team was led by Boris Dolgonos (pictured) in New York and Marcello Hallake in São Paulo, and included Gabriel de Corral (Miami) and Ben Borden (New York).