Marfrig repaid a $ 900 million loan
14 December 2018
The Brazil-based beef producer Marfrig reports to have repaid a $ 900 million bridge loan for the acquisition of the National Beef Packing Company LLC. The repayment became possible due to the sale of Marfrig’s US subsidiary Keystone Foods to Tyson Foods for $ 2.4 billion. In November 2018 Marfrig reported the transfer of $ 1.4 billion from Tyson Foods. According to the company, the remaining value will be used for the repayment of other debts.