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Brazil's Samarco Mineracao sets roadshow for $1 billion 10-year notes
By Christine Van Dusen
Atlanta, Oct. 23 - Brazil's Samarco Mineracao SA is planning a roadshow for a $1 billion issue of notes due in 2022 (expected rating: //BBB), a market source said.
The marketing trip is expected to take place this week.
Proceeds from the offering will be used to partially fund the company's third pipeline and fourth pelletizing plant project, as well as other investments and for general corporate purposes, according to Fitch Ratings.
Samarco is a Belo Horizonte, Brazil-based mining and iron ore company that is joint-owned by Brazil's Vale SA and BHP Billiton plc.
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