JBS Gets $ 1.2 bi to Buy assets of Cargill

The company reported that it received $ 1.2 billion in long-term credit line that will be used in the acquisition of the business of Cargill's pigs in the United States. The credit line obtained by JBS USA subsidiary, has maturity in seven years and interest estimated at Libor plus 2.75% per annum (with Libor at least 0.75%). The deal between the companies was announced on 1 July, for $ 1.45 billion. The difference between the loan and the value of the acquisition will be paid with funds from the JBS box USES.