JBS anticipates payment of R $ 2.7 billion of debts to banks



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JBS, the world's largest meat producer, announced on Wednesday (19) that it has finalized the payment of R $ 2.7 billion as part of its debts to financial institutions in the country

247 – In a statement, the company said that the payment establishes the strategy of reducing debts and extend the average payment period to 6.1 years. As a result, the remaining balance of debts under the so-called normalization agreement was R $ 6.3 billion with Banco do Brasil, Banco da China, Bradesco and Santander.

The Folha de S. Paulo newspaper reports that "JBS had announced in May 2018 a debt normalization agreement with banks, which provided for the maintenance of credit lines of approximately R $ 12.2 billion for 36 months. company should start to amortize about 25% of the principal of debt from January 2019 until July 2021. "

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