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IMC, XP appoint new CEOs
IMC, XP appoint new CEOs Brazilian restaurant operator hires former CEO of fast-food chain Popeyes, while local brokerage firm promotes its CTO to the top job
Corporate & Sovereign StrategyAsset ManagementLatin AmericaSouth AmericaBrazilPeople Brazilian restaurant operator International Meal Company (IMC) has hired the former head of fast-food chain Popeyes as its new CEO, while brokerage firm XP Investimentos has picked its chief technology officer to take the reins from founder Guilherme Benchimol.
IMC said in a statement on Monday that Alexandre Santoro will succeed Newton Maia Salomão Alves as CEO on 1 April.
Santoro was formerly global president of the Popeyes chain and previously vice president of operations and supply chain for
IMC borrows dollars from Bci
IMC borrows dollars from Bci Brazilian restaurant operator gets $35 mln from the Chilean bank s branch in Florida to refinance debt
DebtCorporate & Sovereign StrategyLoansBrazilUS Brazilian restaurant operator International Meal Company (IMC) said it received a $35 million loan from City National Bank of Florida, a division of Chile s Banco Bci, to refinance debts held by its US subsidiary.
IMC took out the five-year loan at the one-month Libor rate plus 3%, it said in a securities filing on Friday. It will pay off 15% of the loan in November 2023, followed by another 15% in 2024 and 70% in 2025, it added.
IMC, which operates the Jimmy Buffett s Margaritaville and the Vie