Brazil's Sifco to sell $200 million notes due 2018 at 12¾% area yield

By Christine Van Dusen

Atlanta, Nov. 6 - Brazil's Sifco SA has given guidance in the 12¾% area for its planned $200 million notes due in May of 2018 (B2//B-), a market source said.

The notes include a make-whole call at Treasuries plus 50 basis points, and 50% of the notes will mature in 4½ years while the remaining 50% matures in 5½ years.

Citigroup, Goldman Sachs and Banco Pine are the bookrunners for the Rule 144A and Regulation S deal.

The notes are expected to price on Wednesday.

Based in Sao Paulo, Sifco is a manufacturer of forged components for several segments of the foreign and domestic automotive industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.