February 14, 2019 |
Brazil's International Meal Company (IMC) said it plans to sell BRL200m ($53.3m) in debentures in the local market, raising money to pay off debt and cover new investments.
The restaurant chain operator said it will split the sale between seven- and five-year notes, but it did not say how much it will sell in each series. The company also did not say what banks it has hired to coordinate the issue or where it thinks the notes will price.
Last year, IMC's shareholders rejected a takeover offer
Brazilian restaurant chain operator looks to raise $53m from a two-part debenture deal