Davis Polk advised the initial purchasers in connection with the offering by Minerva Luxembourg S.A., a wholly owned subsidiary of Minerva S.A., of $350 million aggregate principal amount of its 6.500% senior notes due 2026, guaranteed by Minerva S.A, which constitute an additional issuance of its 6.500% notes due 2026 issued on September 20, 2016. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.

Minerva is one of Brazil’s largest producers of protein products, with a focus on the production and sale of chilled and frozen beef, processed protein products, live cattle and beef by-products.

The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Adela Troconis. Rachel D. Kleinberg and James Manzione provided tax advice. Members of the Davis Polk team are based in the São Paulo, Northern California and New York offices.

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