RBC Completes $900 million Multi-Currency Asset-Based Revolving Credit Facility for JBS USA

November 28, 2018

New York - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, as administrative agent, joint bookrunner and joint lead arranger together with certain other major financial institutions, for a $900 million asset-based revolving credit facility with JBS USA Food Company, the North American arm of JBS S.A. and certain affiliated companies, the world’s leading meat processing company in the world, and certain of its US, Australian, Canadian and Luxembourgian affiliates.  The facility is available in three multi-currency tranches of $650 million, $175 million and $75 million, with a maturity of October 2023.

Finance partner

 led the Paul Hastings team, which also included of counsel  and associates ,  and .

The Paul Hastings Leveraged Finance team has advised on the financings for several high-profile deals, including the £1 billion acquisition of Laird PLC by Advent International; the $3.55 billion financing in connection with Meredith Corporation’s acquisition of Time Inc.; the $1.495 billion financing in connection with Victory Capital Holdings’ acquisition of USAA Shareholder Account Services, USAA Asset Management Company and Harvest Volatility Management; two credit facilities of nearly $4 billion combined for PBF Energy; the $650 million financing and concurrent tender offer for Calfrac Holdings LP; the $1.25 billion financing for Dynegy Inc.; and the $9.45 billion acquisition of Energy Future Holdings by Sempra Energy.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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