November 30, 2022 |
Brazilian car rental company Localiza said Tuesday that it intends to raise BRL4.25 billion ($803 million) in two separate transactions in the local debt market, according to a securities filing.
Localiza Fleet, the company's fleet division, will issue BRL2.45 billion in six-year debentures at the DI interbank lending rate plus 1.87%, while Localiza itself will print BRL1.7 billion in two-year promissory notes at the DI plus 1.3%.
The company said both transactions are intended to boost its cash
Brazilian car rental company plans to raise $800 mln to add to its cash position