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Financial News: MARFRIG: Board Authorizes NBM To Seek Up To

MARFRIG: Board Authorizes NBM To Seek Up To US$ 900 Million Financing

05/15/2018 - 15:09:00 (RTTNews)

(RTTNews) - The Brazilian food processing company Marfrig's board of directors authorized NBM US Holdings, one of its subsidiaries, to seek up to US$900 million in financing as part of the transaction to buy a 51% stake in National Beef Packing Company.

Marfrig's board also authorized the company and Keystone to provide an "irrevocable, unconditional and full guarantee to honor the payment."

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