date:Aug 04, 2014
de, which is what a Triple B minus rating is. PRIORITIZING DEBT
Tyson has vowed to favour debt repayments over share buybacks and is kickstarting its deleveraging plans by earmarking US$575m of proceeds from Monday's sale of JBS in Latin America to pay down debt.
We expect total debt to Ebitda to decline to between 2.0x and 2.5x within two years of the transaction closing, said Taylor, from pro forma leverage of about 3.2x.
The US$8.2bn of committed financing from Morgan Stanley and JP Morgan