Honduras’ Atlantida markets $300 million of five-year secured notes; talk in 7¾% area

Chicago, May 13 – Inversiones Atlantida is marketing a $300 million offering of five-year senior secured notes (B+/B) with initial price talk in the 7¾% area, according to a market source.

Pricing could come as early as Friday.

Oppenheimer & Co. Inc. is the bookrunner for the Rule 144A and Regulation S deal.

The notes have two years of call protection.

Proceeds will be used to repay outstanding notes, to strengthen the company’s capital base and for general corporate purposes, including selected investments and expansion of the business.

Atlantida is a financial services company based in Tegucigalpa, Honduras.

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