Alsea Sets FO Timing

Alsea Sets FO Timing

Mexico Equity

Mexico’s Alsea plans to hold an equity follow-on November 29, according to people familiar with the process, after initially targeting the following week. The food and beverage franchise operator plans to sell 58m shares, including a 15% greenshoe, in local and international tranches. This would indicate a MXP1.18bn ($90m) total size based on Tuesday’s MXP20.43 closing price. The issuer plans to use proceeds to repay debt to improve its capital structure as it continues to expand. Banamex and Sa

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