background image
JBS S.A. © 2009 Todos os direitos reservados
JBS initiates debt rebalancing process
JBS S.A. (JBSS3) today disclosed that its Board of Directors has given approval for its management to raise funds through one or more debt
arrangements at either of its indirect subsidiaries, JBS USA LLC or JBS Australia Pty. Ltd in an amount up to USD2.5 billion (two and a half billion
dollars) subject to market conditions and overall management discretion.
JBS believes that raising this debt will help optimize its balance sheet and financial operations resulting in lower debt servicing cost and a more
efficient capital structure. Any funds raised will be used to pay down shorter term, higher cost debt at the parent company level. The company
does not expect an increase in its overall debt levels, in a Consolidated basis, as a result of any transaction. JBS will keep the market informed of
any material developments and there is no assurance that they will undertake any fundraising.
São Paulo, May 12th, 2011
Jeremiah O'Callaghan
Investor Relations Officer