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JBS USA Food Company Announces Expiration and Results of Its Tender Offer for Any and All of Its 2.500% Senior Notes Due 2027

GREELEY, Colo., June 27, 2025 (GLOBE NEWSWIRE) -- JBS USA Food Company announced today the expiration and results of its previously announced cash tender offer (the "Tender Offer") for any and all of the outstanding U.S.$1,000.0 million aggregate principal amount of its 2.500% Senior Notes due 2027 (the "Notes"). The Tender Offer was made pursuant to an Offer to Purchase, dated June 23, 2025 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery" and together with the Offer to Purchase, the "Offer Documents").

As reported by D.F. King & Co., Inc., the information agent and tender agent for the Tender Offer, as of 5:00 p.m., New York City time, on June 27, 2025 (such time and date, the "Expiration Time"), U.S.$894,031,000 aggregate principal amount of the Notes representing approximately 89.4% of the outstanding Notes, had been validly tendered (and not validly withdrawn) pursuant to the Tender Offer. This amount does not include U.S.$626,000 aggregate principal amount of the Notes from holders who have submitted a Notice of Guaranteed Delivery in accordance with the guaranteed delivery procedures described in the Offer Documents.

Holders who (i) validly tendered (and not validly withdrawn) their Notes on or before the Expiration Time or (ii) delivered a properly completed and duly executed Notice of Guaranteed Delivery and all of the other required documents on or before the Expiration Time and validly tender (and do not withdraw) their Notes prior to 5:00 p.m., New York City time, on July 1, 2025, and whose Notes are accepted for purchase by JBS USA Food Company, will receive the "Tender Offer Consideration" indicated in the table below. In addition, accrued and unpaid interest on the Notes accepted for purchase from the most recent interest payment date of the Notes up to, but not including, the settlement date, which is expected to be July 3, 2025 (the "Settlement Date"), will be paid in cash on the Settlement Date.

Certain information regarding the Notes and the terms of the Tender Offer is summarized in the table below.

Description of Notes

CUSIP

ISIN