Brazil’s Magazine Luiza Taps IFC for $130m Loan

Loan is unsecured, has a five-year term and includes a two-year grace period, Magazine Luiza said in a securities filing.

• Proceeds will be used for technology investments
  • It includes the continued development of its marketplace platform and the expansion of services

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Peter Frontini in Sao Paulo at pfrontinisiq@bloomberg.net

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Danielle Chaves at djelmayer@bloomberg.net

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