Arcor sets talk for $350 million seven-year notes at 6¼% area

By Christine Van Dusen

Atlanta, June 29 – Argentina’s Arcor SAIC set talk in the 6¼% area for a $350 million offering of seven-year notes (B1//B+), a market source said.

Itau BBA, JPMorgan and Santander are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to refinance debt and for general working capital purposes.

The notes are being issued alongside a tender offer that ends July 1.

Arcor plans to finance the tender through the issuance of the new notes.

Arcor is a Buenos Aires-based maker of candy and other foods.

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