January 20, 2020 / 10:41 AM / a month ago

Brazil meatpacker Marfrig repays $446 mln debt -filing

SAO PAULO, Jan 20 (Reuters) - Brazil meatpacker 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%, Marfrig said, and had been issued in 2016. The company said the early repayment was in line with a cost-cutting strategy.

Reporting by Marcelo Rochabrun; Editing by Alex Richardson

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