|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.7000 - 2.7700|
|52 Week Range||1.0000 - 3.3500|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 03, 2011|
|1y Target Est||N/A|
Marfrig Global Foods S.A. ("Marfrig"), MARB BondCo PLC ("MARB"), Marfrig Holdings (Europe) B.V. ("Marfrig Holdings"), Marfrig Overseas Limited ("Marfrig Overseas"), HSBC Securities (USA) Inc. (the "Purchaser"), BNP Paribas Securities Corp., Banco Bradesco BBI S.A., HSBC Securities (USA) Inc., Jefferies LLC, J.P. Morgan Securities LLC, Santander Investment Securities Inc., Banco BTG Pactual S.A. – Cayman Branch, Banco Safra S.A., acting through its Cayman Islands Branch, Itau BBA USA Securities, Inc., Rabo Securities USA, Inc. and UBS Securities LLC (the "Dealer Managers") today announced the commencement of an offer by the Purchaser to purchase for cash from each registered holder (each, a "Holder" and, collectively, the "Holders") up to U.S.$1,250,000,000, on a total cash basis, that Purchaser will accept for purchase (the "Aggregate Offer Limit") of the (i) outstanding 6.875% Senior Notes due 2025 (the "2025 Notes") issued on January 19, 2018 by MARB (the "2025 Offer") and (ii) outstanding 7.000% Senior Notes due 2024 (the "2024 Notes" and, together with the 2025 Notes, the "Notes") issued on March 15, 2017 by MARB (the "2024 Offer" and, together with the 2025 Offer, the "Offers").
Marfrig's upgrade to Ba3 reflects the company's strong operational performance and improvement in credit metrics over the past couple of years, positive industry perspectives and adequate liquidity, which increases its ability to weather the volatility of the beef business. The upgrade incorporates the expectation that, despite the concentration in the beef segment, Marfrig will be able to maintain steadier operating performance overtime. The Ba3 rating is supported by Marfrig's scale as the second largest beef producer globally, its good geographic footprint and diversification in terms of raw material sourcing, which reduce weather-related risks and animal diseases.
The Chinese city of Wuhan said on Friday it had detected the novel coronavirus on the packaging of a batch of Brazilian beef, as it ramped up testing of frozen foods this week as part of a nationwide campaign. The Wuhan Municipal Health Commission said in a statement on its website it had found three positive samples on the outer packaging of frozen, boneless beef from Brazil. The beef had entered the country at Qingdao port on Aug. 7 and it reached Wuhan on Aug. 17, where it remained in a cold storage facility until recently.