Argentina's Arcor sets guidance at 8 3/8% to 8½% for $100 million 10-year notes

By Aaron Hochman-Zimmerman

New York, June 28 - Arcor released talk of 8 3/8% to 8½% for its $100 million 10-year senior unsecured notes (B+/BB-).

The bonds will amortize in two equal installments in 2016 and 2017.

Citigroup is the bookrunner for the Rule 144A and Regulation S deal.

The Cordoba, Argentina-based food producer will use the proceeds of the sale for refinancing and capital expenditures.

Arcor completed its roadshow June 27.

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