JBS Seeks to Amend Bond Rules to Allow Vigor Alimentos Spinoff
JBS SA (JBSS3), the world’s largest beef producer, will seek to amend debt covenants to be able to spin off Vigor Alimentos SA, its dairy-products unit.
JBS is asking bondholders for consent to amend restricted payment covenants on 11.625 percent bonds due 2014, 10.5 percent notes due 2016 and 10.25 percent securities due 2016, according to a statement distributed through PR Newswire.
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