Fogo de Chao to pay down senior credit facilities via IPO proceeds

By Susanna Moon

Chicago, April 20 – Fogo de Chao, Inc. plans to pay down debt under its senior credit facilities using proceeds of an initial public offering of stock, according to an S-1 filing with the Securities and Exchange Commission.

Proceeds also will be used for general corporate purposes, including restaurant development and working capital purposes.

The company registered to sell up to $75 million of shares via bookrunners Jefferies and J.P. Morgan Securities LLC.

Fogo de Chao is a leading Brazilian steakhouse, or churrascaria, chain based in Dallas.

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