August 30, 2019
Brazil's International Meal Company (IMC) said it plans to raise BRL150m ($36.1m) from its second debenture sale in the local market.
The restaurant company added that it will use the proceeds from the six-year notes to pay off debt and cover investments, but it did not say if it has hired any banks to lead the sale.
S&P Global assigned the upcoming notes a brAA rating on the local scale, saying the issue came with a strong guarantee from BTG Pactual.
IMC issued BRL250m in debentures in M
Brazilian restaurant operator aims to raise $36m from its second debt deal in the local market