BRF S.A.
PUBLICLY-TRADED COMPANY
CNPJ 01.838.723/0001-27
NIRE 42.300.034.240
CVM 16269-2
ANNOUNCEMENT TO THE MARKET
BRF S.A. ("BRF" or "Company") (B3: BRFS3; NYSE: BRFS) informs its shareholders and the market in general that it has been approved, on its Board of Directors' Meeting held on July 14, 2020, the second issuance of simple unsecured debentures, not convertible into shares, in two series, for private placement (“Debentures” and “Private Placement”, respectively).
The Debentures were privately placed to VERT Companhia Securitizadora, registered with CNPJ under nº 25.005.683 / 0001-09 (“VERT”), to back its forty-sixth issuance of agribusiness receivables certificates, in two series (“CRA”), which were, on July 14, 2020, object of public distribution with restricted placement efforts, under the terms of Law No. 11,076, of December 30, 2004, as amended, CVM Rule No. 600, of August 1, 2018, as amended, and CVM Rule No. 476, of January 16, 2009, as amended.
Within the Private Placement, VERT subscribed 2,200,000 (two million, two hundred thousand) Debentures, with a unit face value of R$ 1,000.00 (one thousand Brazilian Reais), of which 705,000 (seven hundred and five thousand) Debentures were placed on the first series and 1,495,000 (one million, four hundred and ninety-five thousand) Debentures were placed on the second series, in a total amount of R$ 2,200,000,000.00 (two billion and two hundred million Brazilian Reais). The first series of Debentures have a maturity period of 7 (seven) years and the second series of Debentures, of 10 (ten) years.
This transaction is adherent to the Company’s capital structure management strategy, which includes, among other aspects, the sustaining of liquidity, the lengthening of the average tenor of its indebtedness, and the diversification of its sources of financing.
São Paulo, July 17, 2020.
Carlos Alberto Bezerra de Moura
Chief Financial and Investor Relations Officer
BRF S.A.