January 22, 2019 |
Brazil's Estácio Participações intends to raise BRL600m ($160m) from a two-part debenture sale in the local market, according to a report from S&P Global Ratings.
The private university chain will split the deal between three- and five-year notes, S&P said, and use the proceeds to pay off the promissory notes it issued at the end of last year.
"We believe that the company can use a part of its cash position for potential acquisitions or a share buyback," S&P said.
Estácio was link
Private university chain plans to raise $160m from a two-part debenture deal