SÃO PAULO, Brazil, April 24, 2026 (GLOBE NEWSWIRE) -- J&F S.A. (the "Company") today announced that, in connection with the previously announced offer by its subsidiary J&F Luxembourg Finance S.à r.l. (the "Issuer") 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 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"), and (2) cash, and related consent solicitation (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Existing Eldorado Notes (the "Proposed Amendments"), the Issuer has received tenders with respect to the aggregate principal amount of Existing Eldorado Notes set forth below, which constitute the requisite consents to adopt the Proposed Amendments with respect to the Existing Eldorado Notes. A supplemental indenture with respect to the Existing Eldorado Notes giving effect to the Proposed Amendments has been executed. The Proposed Amendments will become operative with respect to the Existing Eldorado Notes only upon payment of the Total Exchange Consideration (as defined below), which is currently expected to be on April 30, 2026 or promptly thereafter (the "Early Settlement Date").

Eligible Holders (as defined below) who validly tendered (and did not validly withdraw) their Existing Eldorado Notes at or prior to 5:00 p.m., New York City time, on April 24, 2026 (the "Early Tender Date"), will be eligible to receive the Total Exchange Consideration (as defined below). Withdrawal rights for the Exchange Offers and the Consent Solicitation expired as of 5:00 p.m., New York City time, on April 24, 2026 (the "Withdrawal Deadline"). As of the Early Tender Date, the following principal amounts of the Existing Eldorado Notes have been validly tendered and not validly withdrawn (and related consents validly delivered and not validly revoked):

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CUSIP/ISIN Numbers of Existing Eldorado Notes

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Existing Eldorado Notes Tendered as of Early Tender Date

 

 

 

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