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Brazil's JBS raises $2.8 bln, extends debt maturity
February 3, 2017 / 11:26 AM / 10 months ago

Brazil's JBS raises $2.8 bln, extends debt maturity

SAO PAULO, Feb 3 (Reuters) - Brazil’s JBS SA, the world’s largest beef exporter, on Friday said it raised $2.8 billion through a term loan to pay back other loans and extend the company’s debt maturity.

The operation is expected to save the company $8 million a year, JBS said in a statement. (Reporting by Gabriela Mello; Writing by Silvio Cascione. Editing by Jane Merriman)

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