Sifco to Meet Investors

Brazil’s Sifco is preparing to meet fixed-income investors beginning Friday, according to people with knowledge of the plans. The manufacturer of forged components starts in Miami, and will visit Switzerland, London, New York, Boston, Los Angeles and Santiago, finishing July 30. Goldman Sachs and Citi are managing the process. There is not yet any indication of a new transaction. Last year, Sifco raised $75m through a RegS bond transaction, with the 2016 getting an 11.5% yield. Jefferies and Eurovest managed that sale. Sifco is rated B minus.