JBS renews revolving credit line in advance of U $900 mi in the USA

SAO PAULO (Reuters)-JBS renewed a revolving credit line in advance of 900 million dollars in the United States, for the next five years, in similar conditions to the previous operation, the company said in fact on Monday. The new line of credit has been syndicated by 11 banks in price conditions similar to the previous operation, he had maturity scheduled for September 2019, JBS said. In addition, the JBS Australia subsidiary contracted with a new Australian bank revolving credit line in the amount of $200 million, guaranteed for the next two years. "The hiring of two operations ensures and enhances the liquidity of the company's subsidiaries in the United States and Australia and also demonstrates the confidence of the local banks in the strength and performance of JBS's business in those regions," said the company in material fact.