Qualicorp considers fundraising options

Qualicorp considers fundraising options

Corporate & Sovereign Strategy Debt Brazil Capital Markets Health Policy

Brazilian health insurance broker Qualicorp said it plans to hire investment banks to raise up to BRL1.7 billion ($331 million) in long-term debt, according to a securities filing. São Paulo-based Qualicorp will raise the funding to pay off short-term debt "and to better adjust its capital structure and future cash flow," it said in the filing on Tuesday. Qualicorp had BRL1.4 billion in debt at the end of March this year, a 133% jump on the same time last year, "due to lower free cash flow gener

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