Localiza Considers Debt Options

Brazilian rental car provider Localiza is evaluating its options for debt raising, IR director Silvio Guerra tells LatinFinance. “At this point we don’t want to issue more equity,” he says, explaining that debt is the cheaper option, and the company is only about 1.3x levered. Localiza completed a non-deal road show in Europe with Goldman Sachs last week to meet existing equity investors. It also met investors in New York this week. Its board this month authorized raising up to $500m in the international or domestic capital markets.