Agrosuper nabs acquisition debt with two-part UF sale

Agrosuper nabs acquisition debt with two-part UF sale

Bonds Corporate & Sovereign Strategy M&A Chile

Chilean protein producer Agrosuper completed a UF5.5m ($218.3m) bond offer on Monday, placing almost two-thirds of the UF8.5m debt shelf among local investors. Proceeds will be used to acquire Friosur, a purchase the company made in June for roughly $229m. Banchile coordinated the two-part deal, which comprised the Series L, 10-year, UF4m bullet tranche and the 23-year, UF1.5m, Series M portion that comes with a 10-year grace period. Series L priced at 2.39% and the longer-dated M tranche came a

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