Fitch Ratings assigned a 'BBB-' rating to JBS USA Holding Lux S.a.r.l.’s proposed benchmark-size senior unsecured notes on June 26, 2025. These notes are set to mature in 2036, 2056, and 2066, and will be co-issued by JBS USA Food Company and JBS USA Foods Group Holdings Inc., with guarantees from JBS S.A.
The proceeds from these new notes are intended to fund a tender offer for 2027 notes, facilitate partial or full redemption of 2028 notes, and repay short-term debt, including commercial paper. Any remaining funds will be allocated to general corporate purposes, including further debt reduction.
Fitch affirmed JBS's long-term issuer default ratings at 'BBB-'/Stable, citing the company's strong business profile, stable cash flow, and expected gradual deleveraging. The agency views JBS USA as having the same credit profile as its parent, supported by business integration and comprehensive guarantees, enhancing the company's financial flexibility.
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