Milbank LLP advised the sole lead arranger and bookrunner in connection with a US$535 million senior unsecured export prepayment credit facility for Marfrig Global Foods S.A, guaranteed by NBM US Holdings, Inc., MARB BONDCO PLC, Marfrig Holdings (Europe) B.V., Marfrig NBM Holdings Limited and Marfrig Overseas Limited. Marfrig is a global leader in the production of hamburger meat patties and one of the largest beef producers in the world. The transactions closed on November 20, 2023.
The Milbank deal team was led by New York Corporate Finance and Securities partner Carlos Albarracín along with partner Tobias Stirnberg and counsel Jeffrey Susskind in São Paulo, and associate Marco Zaldivar and international attorney Enrique Lopez Scherer in New York. The team also included Tax partner Andrew Walker and associate Elaine Lee.
Mr. Albarracín said: “We are very pleased to assist Citi as sole lead arranger and bookrunner on this important financing transaction, which marks Marfrig's return to the syndicated loan markets. With seamless collaboration and coordination between our New York and São Paulo-based teams we were able to assist Citi in successfully completing this transaction on schedule."
