On November 1, 2022, JBS USA Lux S.A., JBS USA Food Company, JBS USA Finance, Inc., JBS Australia Pty Limited, and JBS Food Canada ULC entered into an unsecured Revolving Syndicated Facility Agreement for approximately $2 billion (US$1.5 billion), with Bank of Montreal, as administrative agent, and the other banks and lenders, with a tenor of five years from its effective date.

The Facility replaces the borrowers’ existing ABL revolving facility, and the borrowings under the Facility will be used for general corporate purposes.

White & Case LLP has advised JBS with a team led by Debt Finance partner Binoy Dharia (New York) and Capital Markets partners Daniel Nam (New York) and Victor Mendoza (Miami).  The team also included Debt Finance associates Yehuda Rubel and Spencer Paveck (both in New York).

Norton Rose Fulbright represented JBS Foods with a team led by Arnold Cohen and included Noah Schein, Barry N. Segal, Ashley Beaulieu, Stéphane Braun, Florent Trouiller, Nam Nguyen-Groza, Raphaële Kamoun, Tim Mornane, and Safiyya Khan.