September 17, 2020
Brazilian toll road operator Arteris plans to refinance debt by issuing BRL1.45 billion ($2768 million) in debentures the local market, according to a ratings report from S&P Global on Wednesday.
Arteris, which is owned by Canada's Brookfield and Spain's Abertis, has lined up BRL1 billion in 2025 notes and BRL450 million in 2027 notes, which could reduce the need to refinance debt next year and give the company more financial leeway ahead of an uncertain recovery, S&P said.
In May, Arter
Brazilian toll road company looks to refinance project costs with $278 mln in local notes