Alsea Prices FO

Alsea Prices FO

Mexico Equity

Mexico’s Alsea has priced an equity follow-on expected to raise MXP1.25bn ($96m). The food and beverage franchise operator arrived at a MXP21.50 price, according to people familiar with the sale, and was set to offer 58m shares, assuming a 15% greenshoe is used. The level represents a 1.7% discount to Thursday’s MXP21.88 closing price. The issuer plans to use proceeds to repay debt to improve its capital structure as it continues to expand. Banamex and Santander managed. Alsea is known as the op

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