Brasil Foods Eyes Revolver (1)

Brasil Foods is heard looking to arrange a 3-year, $500m revolver for general corporate purposes, and aiming to launch by the end of the month. The interest rate details are still being determined, but the Brazilian protein company could be looking at utilization fees of 10bp for less than 33%, 20bp for less than 67%, and 30bp for more than 67%. HSBC, Morgan Stanley and Santander are said to be managing the sale.