TWO NEW MANAGEMENT
PROGRAMMES FOR
i!
ATLANTA CLIENT PILGRIM'S PRIDE
BENEFITS FROM RABO SECURITIES
JEFFERIES PARTNERSHIP
CORRECTION
Rl WORLD #26
Americas
Australia
New Zealand
RIIN
pilgrim's
10 issue 27 M Rl WORLD
Keynote speaker
Bob Bucklin
Please note the following rectification regarding
the Rl World January 2011 edition:
In the Events Section on page 33 we refer to keynote
speaker Lou Holtz in the photo caption. However,
this was actually the Vice Chairman of Rl North
America Wholesale Bob Bucklin.
We apologise for any confusion that may
have occurred.
Editorial Team Rl World
The strategie partnership established
between Rabo Securities and Jefferies
Company recently achieved its first success
with a late-2010 bond offering for Pilgrim's
Pride Corporation, a cliënt of Rabobank
Atlanta. Rabo Securities and Jefferies were
mandated as bookrunners.Thefïnancing
consisted of USD 350 million of 8-year
Senior Notes, which will be used to repay
borrowings under the company's existing
term loan credit facilities and to pay fees
and expenses incurred in connection with
the offering. This transaction comes after
Rabobank and CoBank, joint lead arrangers
and joint bookrunners on the company's
USD 1.75 billion bankruptcy exit facilities,
led an amendment to extend the Pilgrim's
Pride revolver to 2014 and to modify
financial covenants. In December, demand
for the bond issuance aliowed for a USD
150 million upsizing to a total of USD 500
million.
The partnership provides Rabo Securi
ties and Jefferies Company with an
enhanced ability to secure lead manager
and bookrunner roles with Rabobank's
clients in US investment grade, high yield
and other public securities transactions.
This issuance is a significant milestone for
Rabo Securities and Jefferies, and marks a
successful beginning of the partnership
between the two bookrunners.
TT A T) A^Th D Q Applications are now open for Rabobank
rT\X\T.VX JAXvO Australia and New Zealand's two innova-
tive business management programmes,
aimed at helping primary agricultural
producers learn new business manage
ment skills and apply them to agriculture
and farming operations. The Executive
Development Programme has been
developed for farmers with at least fïve
years experience as either owners or key
decisions makers. The programme's aim
is to enhance commercial management
skills, develop business strategies and
explore options for growth. The Farm
Managers Programme, meanwhile, is
aimed at farm managers with more than
three years on-farm experience, who
have ambitions to run their own farm
business. The programme will introducé
participants to the concepts, skills and
tools required to develop operational
and strategie business success.
The business management programmes
are run annually and are open to farmers
and farm workers from across Australia
and New Zealand, including non-Rabo-
bank clients. The Executive Development
Programme first commenced in 1999 and
is a two-week-long residential module
run across consecutive years, while the
Farm Managers Programme is a one-week
residential module. Both programmes
help participants look at new strategies to
grow their business, and how to improve
their business planning skills, forge new
contacts and expand their professional
network. More than 400 farmers have
participated in the programmes.
