Marfrig Looks for Debt Funds

Marfrig Looks for Debt Funds

Brazil Bonds

Brazil’s Marfrig is planning to visit with bond investors beginning this week, in meetings that will test the buyside’s appetite for lower-rated names in the Brazilian protein sector. The meatpacker is looking for $300m in new 2017 bonds, according to Moody’s, which assigns a B2 rating. A deal would follow a BRL1.05bn equity capital sale that raised less than the meatpacker had hoped. Proceeds are to be used to improve the company’s capital structure by lengthening its debt profile. The roadshow

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