Marfrig Extends Maturities with Loan

Brazilian meat processor Marfrig has obtained a BRL200m credit line from Banco do Brasil, it says. Mafrig did not disclose the interest rate for the 5-year facility. Marfrig plans to use the funds available to replace short-term currency contracts it has with Banco do Brasil. “This transaction will help improve the debt profile of the Marfrig Group and extend its short-term debt, ratifying its policy of maintaining a solid cash position in its operations,” says Marfrig.