May 7, 2021
Brazilian retail group Companhia Brasileira de Distribuição, which still goes by its old initials GPA, said it plans to raise up to BRL1.5 billion ($284 million) in a two-part debt deal in the local market.
São Paulo-based GPA intends to issue one series of five-year notes and another of seven-year notes under Brazil's Rule 476 and use the proceeds to add to working capital and extend its debt maturities, it said in a securities filing on Wednesday.
The company did not say which banks it has hir
Brazilian retail group plans to raise $284 mln in a two-part deal to raise cash and extend maturities