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Commentary & Deal Flow

IG EXCHANGE: JBS Registered Exchange Results for Five Series Notes

IGC US Market: Deal Flow - TendersIGC European Market: Deal Flow - Tenders

JBS N.V. Announces the Expiration and Results of Its Registered Exchange Offers


Amstelveen, Netherlands, Jan. 12, 2026 (GLOBE NEWSWIRE) -- JBS N.V. (the “Company,” “JBS,” “we” or “us”) (NYSE: JBS; B3: JBSS32), together with JBS USA Foods Group Holdings, Inc. and JBS USA Food Company Holdings (collectively, the “Co-Issuers”), announced today the expiration and results of its previously announced offers to exchange (the “Exchange Offers”) any and all of the outstanding Old Notes (as defined below) for an equal principal amount of new notes (the “New Notes”) in a transaction registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”).

The Exchange Offers expired at 5:00 p.m., New York City time, on January 12, 2026 (the “Expiration Date”). As of the Expiration Date, the aggregate principal amount of each series of the Old Notes set forth in the table below had been validly tendered and not validly withdrawn. The Co-Issuers have accepted for exchange all such tendered Old Notes in the Exchange Offers.

Title of Series / CUSIP/ISIN Number of Old Notes (the “Old Notes”)

 

Aggregate Principal Amount Outstanding

 

 

Old Notes Tendered as of
Expiration Date

 

 

 

 

Principal Amount

 

 

Percentage

 

5.950% Senior Notes due 2035

 

 

 

 

 

 

 

 

 

 

 

 

(472140 AA0 and L56900 AA8/
US472140AA00 and USL56900AA86)

 

US$

1,000,000,000

 

 

US$

992,404,000

 

 

 

99.24

%

6.375% Senior Notes due 2055

 

 

 

 

 

 

 

 

 

 

 

 

472140 AC6 and L56900 AB6/
US472140AC65and USL56900AB69

 

US$

750,000,000

 

 

US$

749,800,000

 

 

 

99.97

%

5.500% Senior Notes due 2036

 

 

 

 

 

 

 

 

 

 

 

 

(472140AE2 and L56900AC4/
US472140AE22 and USL56900AC43)

 

US$

1,250,000,000

 

 

US$

1,245,607,000

 

 

 

99.65

%

6.250% Senior Notes due 2056

 

 

 

 

 

 

 

 

 

 

 

 

(472140 AG7 and L56900 AD2/
US472140AG79 and USL56900AD26)

 

US$

1,250,000,000

 

 

US$

1,247,627,000

 

 

 

99.81

%

6.375% Senior Notes due 2066

 

 

 

 

 

 

 

 

 

 

 

 

(472140 AJ1 and L56900AE0/
US472140AJ19 and USL56900AE09)

 

US$

1,000,000,000

 

 

US$

994,858,000

 

 

 

99.49

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Upon the settlement of the Exchange Offers, holders of Old Notes who validly tendered and did not validly withdraw such Old Notes prior to the Expiration Date will receive an equivalent principal amount of New Notes of the applicable series. JBS expects that such settlement will occur on or about January 14, 2026.

The terms of the New Notes are identical in all material respects to the terms of the corresponding series of Old Notes, except that the New Notes have been registered under the Securities Act, will not be subject to transfer restrictions or registration rights, and the New Notes will bear different CUSIP numbers from the Old Notes of the corresponding series. None of the Co-Issuers will receive proceeds from the Exchange Offers.   The Co-Issuer will issue the New Notes under the same indentures that govern the applicable series of Old Notes. The Exchange Offers do not represent a new financing transaction.

The Exchange Offers have been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), pursuant to an effective registration statement on Form F-4 filed with the Securities and Exchange Commission. The Exchange Offers were made pursuant to the terms and subject to the conditions set forth in a prospectus dated December 11, 2025, which has been filed with the Securities and Exchange Commission and forms a part of the Registration Statement.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO EXCHANGE, OR A SOLICITATION OF AN OFFER TO EXCHANGE, ANY SECURITIES DESCRIBED HEREIN.