February 14, 2020 |
Chilean real estate developer and self-storage company Red Megacentro sold UF2 million ($71.4 million) worth of long-term, inflation-linked notes in the local bond market, it said a securities filing.
The Santiago-based firmed priced the 2044 paper at a fixed rate of 3.25% and earmarked the proceeds to pay off existing debt, according to the filing.
Link Capital Partners was Red Megacentro's financial adviser on the debt sale, while Barros & Errázuriz was the legal adviser.
Red Megacentro ma
Chilean self-storage company raises $71.4 mln in the local market to pay off debt