Brazilian food company BRF SA plans to raise about 500 million reais ($130 million) from non-core asset sales to cut debt amid rising feed costs and new barriers to the European Union.
BRF said that it is preparing to sell assets including forestry land and real estate.
The company also noted that its preference is to reduce debt organically by boosting cash from operations.
BRF’s leverage ratio was 4.4 times earnings before interest, tax, depreciation, and amortization at the end of the first quarter.