World News

Brazil’s BRF rolls over debt with Banco do Brasil: filing

SAO PAULO (Reuters) – Brazilian meatpacker BRF SA <BRFS3.SA> said on Friday it has pre-paid a one billion real ($247 million) loan from state-run lender Banco do Brasil SA <BBAS3.SA> that was due in August 2021.

In a securities filing, the company added it has secured a revolving credit facility with the bank of up to 1.5 billion reais in a three-year term.

“Such a credit facility may be fully or partially disbursed at the company’s discretion, whenever necessary,” it said.

(Reporting by Gabriela Mello; editing by Jason Neely)

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