Meatpacking Marfrig repays $446 million debt-filing

Brazil meatpacking Marfrig Global Foods said on Monday that it had concluded early repayment of its most expensive debt, $446 million in bonds due in 2023. The bonds had an annual interest rate of 8% and had been issued in 2016. Early repayment was in line with a cost-cutting strategy, according to Marfrig.

Source: Reuters

Categories: Business, Industry

Tagged as: , , ,