Beruflich Dokumente
Kultur Dokumente
Principal
USD 300 MM USD 350 MM USD 700 MM USD 900 MM USD 500 MM USD 650 MM USD 700 MM
Total Term
10 years 10 years 5 years 7.5 years 8 years 10 years 8 years
Coupon
10.500% p.a. 10.250% p.a. 11.625% p.a. 8.250% p.a. 7.875% p.a. 7.250% p.a. 8,250% p.a.
Maturity
Aug, 2016 Oct, 2016 May, 2014 Jan, 2018 Dec, 2018 Jun, 2021 Feb, 2020
Scale
Global Global Global
Rating
BBB1 BB
Outlook
Negative Stable Stable
Last Update
08/16/2012 12/06/2011 11/04/2011
Pilgrims Pride
Agency
Moodys Standard & Poors
Rating
B2 B
Outlook
Negative Negative
Last Update
11/16/2011 08/22/2012
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JBS S.A.
Pilgrims Pride
USD700mm Notes due 2014 USD650mm Notes due 2021 USD700mm Notes due 2020
100.0%
100.0%
100.0%
JBS Australia
Bond Notes 2016 - JBS S.A. Notes 2016 - Bertin Notes 2014 - JBS USA Notes 2018 - JBS S.A. Notes 2018 - PPC Notes 2021 - JBS USA Notes 2020 - JBS USA LLC
Guarantor JBS Hungary, JBS USA Holdings, JBS USA and Swift Beef Company JBS Hungary JBS, JBS Hungary, JBS USA Holdings and all JBS USA's U.S. restricted subsidiaries JBS S.A., JBS Hungary Pilgrims Pride Corporation of West Virginia, Inc. JBS, JBS Hungary, JBS USA Holdings and all JBS USA's U.S. restricted subsidiaries JBS S.A., and each of wholly-owned U.S. restricted subsidiaries
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Debt Profile
2Q12 Net debt to EBITDA was 4.27x. The Company ended the quarter with R$5.475 billion in cash or cash equivalent, which represents more than 110% of short-term debt. The percentage of short term debt decreased from 27% in 1Q12 to 23% in 2Q12
Leverage
1500 1300 1100 900 700 500 300
ST / LT Debt Profile
4.30 4.00 4.27
4.04
3.60
4 3 2 1
3Q11
28%
72%
4Q11
28%
72%
1Q12
27%
73%
100
-100 2Q11 3Q11 4Q11 1Q12 2Q12
2Q12
23%
77%
0
Short Term Long Term
. .
Leverage
EBITDA
Source: JBS
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2013
2014
2015
2016
2017
2018
656 169
883
Bonds / Other
2Q12
Subsidiaries 43%
2Q12
Bonds 37%
Other 63%
2Q12
R$ 25%
USD 75%
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