May 6, 2021 |
C&A Modas, the Brazilian division of European fast-fashion retailer C&A, said late Tuesday that it received board approval to issue BL500 million ($93.3 million) in debentures to pay off short-term debt and add to working capital.
C&A will issue the four-year notes in a single series at the DI interbank lending rate plus 2.15%, it said in a securities filing.
The company said it will use the proceeds to support its expansion plans, pay down short-term debt and for the ordinary course
Brazilian subsidiary of European clothing retailer plans to issue $93 mln in debentures in the local market