Kora rolls over local debt

Kora rolls over local debt

Corporate & Sovereign Strategy Debenture Brazil Capital Markets Hospitals

Brazilian healthcare company Kora Saúde said it raised BRL715 million ($137 million) in a two-part debt sale in the local market to refinance debentures that it issued in May, according to a securities filing. The company, which is controlled by US private equity firm H.I.G. Capital, will use BRL700 million to pay off debentures and add the remaining BRL15 million to its cash reserves, it said in the filing. Kora priced 2027 debentures at the DI interbank lending rate plus 2.1% and 2029 debentur

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