OREANDA-NEWS. MHP S.A. ("MHP") announces that it has priced USD 750 million of 8.25% Senior Notes due 2020 (the “New Notes”) at 100% of their principal amount. MHP intends to use USD 386 million of the proceeds from the New Notes to repurchase USD 350 million of its 10.25% Senior Notes due 2015 (the “10.25% Notes”) and to pay consent fees in connection with the modification of certain provisions of the 10.25% Notes that will remain outstanding following the repurchase, and to use the balance of the proceeds to repay certain other debt, for general corporate purposes and to finance the expansion and diversification of MHP’s poultry and grain business.

The issue and sale of the New Notes remains subject to final documentation. Issue and settlement are expected to take place on 2 April 2013, with the repurchase of the 10.25% Notes expected to take place on or about 5 April 2013. J.P. Morgan, Morgan Stanley and VTB Capital have been appointed to act as Joint Lead Managers in connection with the offering of the New Notes.