BR Malls Participacoes is looking to raise about $200 million in a debt issue, The Wall Street Journal reports. The Brazilian shopping-center operator is planning a sale of sale of perpetual overseas bonds.
The company intends to use the proceeds from the issuance to fund the company’s capex plan, refinance existing debt, and for general corporate purposes. BR Malls Participacoes is a fully owned subsidiary of BR Malls International Finance.
Click here for the story from The Wall Street Journal.