Brazil's Hypermarcas plans $500 million offering of notes due 2021

By Christine Van Dusen

Atlanta, April 7 - Brazil's Hypermarcas SA plans to issue $500 million senior notes due 2021 (Ba2), according to a market source.

Bradesco BBI, Citigroup, HSBC, Itau and JPMorgan are the bookrunners for the Rule 144A and Regulation S notes, which are non-callable for five years.

A roadshow will take place from April 11 to April 14.

Proceeds will be used to repay a portion of existing debt, for working capital and for general corporate purposes.

Hypermarcas is a health and personal care products manufacturer based in Sao Paulo.

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