Locacao Prepares to Go Public

Brazil’s Companhia Locacao das Americas has registered with local regulator CVM to become a public company. In June, the vehicle outsourcing specialist raised BRL160m ($100m) through a bond in Brazil’s local markets. The 2014 pays the DI plus 2.5%, and amortizes equally in 2013 and 2014. BTG Pactual managed the sale, done under the rule 476 restricted format.