SÃO PAULO, BRAZIL, April 13, 2026 (GLOBE NEWSWIRE) -- J&F S.A. (the "Company") today announced that its subsidiary J&F Luxembourg Finance S.à r.l. (the "Issuer") has commenced an offering (the "New Notes Offering") of senior notes (the "New J&F Notes") to be issued by the Issuer and guaranteed by the Company, Eldorado Brasil Celulose S.A. ("Eldorado"), LHG Mining Ltda. ("LHG Mining") and Flora Produtos de Higiene e Limpeza S.A. ("Flora", and, collectively with the Company, Eldorado and LHG Mining, the "Guarantors"). The Company also announced that the Issuer has commenced an offer to exchange (the "Exchange Offer") any and all outstanding 8.500% senior notes due 2032 (the "Existing Eldorado Notes") issued by Eldorado Intl. Finance GmbH for (1) up to US$500.0 million aggregate principal amount of new senior notes (the "Exchange Notes") to be issued by the Issuer and also guaranteed by the Guarantors and (2) cash, in each case, as set forth in the table below.

The Company intends to use the net proceeds from the offering of the New J&F Notes to repay certain indebtedness.

The following table sets forth the Exchange Consideration, the Early Exchange Premium and the Total Exchange Consideration for the Existing Eldorado Notes:

Title

MaturityDate

CUSIP/ISINNumbers ofExistingEldorado Notes

AggregatePrincipalAmountOutstanding

ExchangeConsideration(1)

+

EarlyExchangePremium(1)

=

Total ExchangeConsideration(1)(2)

8.500%Senior Notes due2032

December1, 2032

284697 AC3 andUS284697AC38/A18007 AC7 and USA18007AC71

US$500.0million

US$950 principalamount of New8.500% SeniorNotes due 2032

 

US$50 principalamount of New8.500% SeniorNotes due 2032 andUS$2.50 in cash

 

US$1,000 principalamount of New 8.500%Senior Notes due 2032and US$2.50 in cash

 

 

 

 

 

 

 

 

 

(1)     For each US$1,000 principal amount of the Existing Eldorado Notes accepted for exchange.

(2)     Includes the Early Exchange ...