JBS USA Gets $475m Loan

JBS, the Brazilian beef company, has priced a $475m 7-year term loan through its US subsidiary, according to a company release. The loan was priced at 300bp over Libor. The loan will be used to repay shorter term and more expensive debt, adds the company. JBS said it is also working on an $800m asset backed loan, which it said it will price in the next few weeks.