By Brazil Stock Guide – JBS N.V. (NYSE: JBS; B3: JBSS32) increased its revolving credit capacity by $650 million, taking the group’s total available facilities from about $3.5 billion to approximately $4.2 billion.
The increase was completed through the sixth amendment to a global facility originally signed in November 2022. The amended agreement provides for a $2.65 billion senior unsecured revolving credit facility, available in multiple currencies and maturing in 2031. It may be extended for up to two additional years, subject to lender approval.
“The expansion of the revolving credit facility is another important step in the company’s financial management, reinforcing its total liquidity,” JBS said in a market notice.
The $2.65 billion does not represent fresh cash already received by JBS. It is the total size of the amended and restated facility, while the actual increase in the group’s borrowing capacity amounts to $650 million. The credit line will only add to JBS’s debt if and when funds are drawn.
Board minutes show that JBS had authorized a facility of up to $2.75 billion, along with an option to increase it by as much as $1.25 billion at a later stage. The final agreement was therefore $100 million below the authorized ceiling, while the potential $1.25 billion expansion was not presented in the market notice as committed borrowing capacity.
JBS did not disclose a specific use for the additional capacity or indicate that it plans to draw on the facility immediately. A larger revolving line, however, provides additional headroom for working capital, capital spending and periods of volatility across global protein markets, while reducing the need to issue debt under unfavorable market conditions.
The liquidity increase follows a $1.5 billion free cash outflow in the first quarter, driven by seasonal working-capital needs, weaker operating earnings and higher capital expenditure. Net debt ended March at $17.9 billion, while leverage rose to 2.77 times from 2.39 times at the end of 2025.
Despite the higher cash use early in the year, JBS held $3.5 billion in cash and equivalents at the end of March. Its debt had an average maturity of 15.6 years and an average cost of 5.7% a year, with no significant maturities before 2031. Bank of Montreal is the administrative agent for the facility, which covers JBS N.V., JBS S.A., Seara and subsidiaries in the United States, Australia and Canada.
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