Marfrig Announces Final Settlement of: Offer to Purchase for Cash Up to U.S.$1,750,000,000, on a Total Cash Basis, of Outstanding 6.875% Senior Notes due 2025 (CUSIP Nos. 566007 AB6; G5825A AB8 / ISIN Nos. US566007AB67; USG5825AAB82) and 7.000% Senior Notes due 2024 (CUSIP Nos. 566007 AA8; G5825A AA

SÃO PAULO, Feb. 10, 2021

As of the Expiration Date, (i) U.S.$714,634,000 in aggregate principal amount of the 2025 Notes, or approximately 71.46% of the 2025 Notes outstanding, and (ii) U.S.$329,468,000 in aggregate principal amount of the 2024 Notes, or approximately 43.93% of the 2024 Notes outstanding, were validly tendered and not validly withdrawn pursuant to the Offers. This includes (i) U.S.$713,834,000 in aggregate principal amount of the 2025 Notes, or approximately 71.38% of the 2025 Notes outstanding, and (ii) U.S.$324,093,000 in aggregate principal amount of the 2024 Notes, or approximately 43.21% of the 2024 Notes outstanding, that were validly tendered and not validly withdrawn pursuant to the Offers at or prior to 5:00p.m., New York City time, on January 25, 2021 (the "Early Tender Time"), and an additional (i) U.S.$800,000 in aggregate principal amount of the 2025 Notes, or approximately 0.08% of the 2025 Notes outstanding, and (ii) U.S.$5,375,000 in aggregate principal amount of the 2024 Notes, or approximately 0.72% of the 2024 Notes outstanding, validly tendered and not validly withdrawn after the Early Tender Time and prior to the Expiration Date. All Notes validly tendered and not validly withdrawn after the Early Tender Time and before the Expiration Date will be accepted and paid in full today, February 10, 2021 (the "Final Settlement Date"). All Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase were paid in full by the Purchaser on January 26, 2021 (the "Early Settlement Date").

The table below summarizes the cancellation of the tendered notes in the aggregate amounts listed below, with effect from February 10, 2021.

Description of Notes	CUSIP / ISIN Nos.	Amounts Outstanding Prior to the Tender Offers	Amounts Tendered and Accepted ARIVA.DE Börsen-Geflüster Kurse MARB BONDCO 17/24 REGS -   0,00% MARB BONDCO 18/25 REGS -   0,00% MARFRIG GL.FOOD.ADR/2O.N. 1,76 € 0,00%	Amounts Outstanding after the Tender Offers
6.875% Senior Notes due 2025	CUSIP: 566007 AB6 / G5825A AB8 ISIN: US566007AB67 / USG5825AAB82	U.S.$1,000,000,000.00	U.S.$714,634,000.00	U.S.$285,366,000.00
7.000% Senior Notes due 2024	CUSIP: 566007 AA8 / G5825A AA0 ISIN: US566007AA84 / USG5825AAA00	U.S.$750,000,000.00	U.S.$329,468,000.00	U.S.$420,532,000.00

Holders who validly tendered and did not validly withdraw their 2025 Notes at or prior to the Early Tender Time received U.S.$1,037.50 for each U.S.$1,000 principal amount of the 2025 Notes validly tendered and not validly withdrawn (the "2025 Total Consideration"), which included an early tender payment of U.S.$30.00 per U.S.$1,000 principal amount of the 2025 Notes (the "2025 Early Tender Payment") and the 2025 Purchase Price (as defined below). Holders who validly tendered and did not validly withdraw their 2025 Notes prior to or at the Expiration Date are entitled to receive U.S.$1,007.50 per U.S.$1,000 principal amount of the 2025 Notes (the "2025 Purchase Price"), namely an amount equal to the 2025 Total Consideration less the 2025 Early Tender Payment, on the Final Settlement Date. MARB will redeem any 2025 Notes that remain outstanding at a price of 103.438% of their principal amount, which is less than the 2025 Total Consideration, although it has no legal obligation to the Holders to do so and the selection of any particular redemption date is in its discretion.

Holders who validly tendered and did not validly withdraw their 2024 Notes at or prior to the Early Tender Time received U.S.$1,025.00 for each U.S.$1,000 principal amount of the 2024 Notes validly tendered and not validly withdrawn (the "2024 Total Consideration"), which included an early tender payment of U.S.$30.00 per U.S.$1,000 principal amount of the 2024 Notes (the "2024 Early Tender Payment") and the 2024 Purchase Price (as defined below). Holders who validly tendered and did not validly withdraw their 2024 Notes prior to or at the Expiration Date are entitled to receive U.S.$995.00 per U.S.$1,000 principal amount of the 2024 Notes (the "2024 Purchase Price"), namely an amount equal to the 2024 Total Consideration less the 2024 Early Tender Payment, on the Final Settlement Date. MARB currently intends to exercise its right under the indenture governing the 2024 Notes to redeem any 2024 Notes that remain outstanding afterwards at a price of 101.750% of their principal amount, which is less than the 2024 Total Consideration, although it has no legal obligation to the Holders to do so and the selection of any particular redemption date is in its discretion.

In addition, (i) Holders whose Notes were purchased in the Offers at or before the Early Tender Time received accrued and unpaid interest (in respect of their purchased Notes from the last interest payment date to, but not including, the Early Tender Time, the Early Settlement Date and (ii) Holders whose remaining Notes were purchased in the Offers after the Early Tender Time will receive accrued and unpaid interest in respect of their purchased notes from the last interest payment date to, but not including, the Final Settlement Date, as the case may be.

The Information and Tender Agent for the Offers is D.F. King & Co., Inc. To contact the Information and Tender Agent, banks and brokers may call +1 (212) 269-5550, and others may call U.S. toll-free: +1 (800) 290-6424. Additional contact information is set forth below.

Any questions or requests for assistance in relation to the Offers and the Offer Documents may be directed to the Dealer Managers at their respective telephone numbers set forth below or, if by any Holder, to such Holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. Requests for additional copies of the Offer Documents may be directed to the Information and Tender Agent at the address and telephone numbers set forth above.

Documents relating to the Offers, including the Offer to Purchase and the Letter of Transmittal, are also available at www.dfking.com/marfrig.

The Dealer Managers for the Offers were:

BNP Paribas Securities Corp. 787 Seventh Avenue New York, New York 10019 Attention: Liability Management Group Toll-Free: +1 (888) 210-4358 Confirmation: +1 (212) 841-3059 E-mail: dl.us.liability.management@us.bnpparibas.com	Banco Bradesco BBI S.A. Av. Presidente Juscelino Kubitschek, No. 1309, 10th Floor São Paulo, SP 04543-011 – Brazil Attn: International Fixed Income Department Tel: +1 (646) 432-6642 E-mail: daniel.fuccillo@bradescobbi.com		HSBC Securities (USA) Inc. 452 Fifth Avenue New York, New York 10018 Attn: Global Liability Management Group Toll-Free: +1 (888) HSBC-4LM Call Collect: +1 (212) 525-5552 E-mail: lmamericas@us.hsbc.com		J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179 Attn: Latin America Debt Capital Markets Toll Free: +1 (866) 846-2874 Call Collect: +1 (212) 834-7279		Santander Investment Securities Inc. 45 East 53rd Street – 5th floor New York, New York 10022 – U.S.A. Attn: Liability Management Group Toll-Free: +1 (855) 404-3636 Call Collect: +1 (212) 940-1442 Fax: +1 (212) 407-0930 E-mail: liabilitymanagement@santander.us		Jefferies LLC 520 Madison Avenue New York, New York 10022 Attn: Timothy Lepore Toll Free: +1 (888) 708-5831 Call Collect: +1 (203) 708-5831 E-mail: tlepore@jefferies.com
Banco BTG Pactual S.A. – Cayman Branch 601 Lexington Avenue, 57th Floor New York, New York 10022 Attn: Debt Capital Markets Facsimile: +1 (212) 293-4609 E-mail: ol-dcm@btgpactual.com		Banco Safra S.A., acting through its Cayman Islands Branch P.O. Box 1353, Harbour Place, 5th Floor 103 South Church Street, George Town Grand Cayman KY1-1108 Cayman Islands Attention: Mrs. Ana Paula Allain E-mail: backofficecayman@safra.com.br		Itau BBA USA Securities, Inc. 540 Madison Avenue – 24th Floor New York, New York 10022 – U.S.A. Werbung Mehr Nachrichten zur MARFRIG GL.FOOD.ADR/2O.N. Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 26.04.24 - ARIVA.DE Redaktion Deutsche Post-Aktie mit leichten Kursgewinnen (38,63 €) 26.04.24 - ARIVA.DE Redaktion Infineon-Aktie: Kurs heute nahezu konstant (32,62 €) 26.04.24 - ARIVA.DE Redaktion Deutsche Börse-Aktie heute gut behauptet: Aktienwert steigt (182,55 €)