Alsea plans debut bond sale

Alsea plans debut bond sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Mexico

Mexican restaurant operator Alsea is looking to make its international bond market debut with up to $500 million worth of four-year dollar-denominated bonds, according to a report from Fitch Ratings on Monday. Alsea plans to use the proceeds from the sale of the new 2026 notes to refinance part of its outstanding debt, Fitch said. Fitch gave Alsea a first-time rating of BB-, saying the company is in a "solid position" as owner and franchise operator of well-recognized fast-food and casual dining

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