Cencosud Plots Acquisition Debt Takeout

Cencosud Plots Acquisition Debt Takeout

Chile Colombia Equity Bonds

After announcing the $2.6bn acquisition of Carrefour’s Colombian operations Thursday, Cencousud plans to access both the bond and equity markets to help fund the purchase. The Chilean supermarket operator signed a $2.5bn 12-18 month bridge loan from JPMorgan, which it will seek to replace. To do so, Cencosud plans a $1.5bn equity capital increase and the issue of $1bn 10-year bonds in the international market. The equity sale should occur within four months and the bond sale within three, accord

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