RLH sets terms on equity sale

RLH sets terms on equity sale

Mexico Equity

RLH Properties is readying an follow-on equity offering that could raise more than MXN2.57bn ($137m) next week, sources told LatinFinance. The Mexican hotel operator is offering at least 145m shares in a primary offering, plus a greenshoe option for another 21.8m shares, an equity capital markets source said. The company’s shares were trading at MXN15.45 before they stopped trading in July last year. Banorte-IXE, BBVA Bancomer and Credit Suisse are due to price the equity offering on April 27.RL

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