June 27, 2022 |
Brazilian tourism and travel company CVC said Friday that it raised BRL402 million ($76.6 million) in a follow-on offering after pricing its shares at BRL7.70 each, a 15% discount on the closing price from the previous day.
Santo André-based CVC issued 52.3 million new shares in the offering, including an additional lot of 5.81 million shares, it said in a securities filing. The new shares begin trading on Monday, it added.
The company said it will use the proceeds to add to working capital and
Brazilian tourism and travel company earns $77 mln to pay short-term debt