CP All studies proposals from banks to pare debt

Thai retailer CP All’s 7-11 convenience stores are a ubiquitous sight in Thailand, particularly in the capital city of Bangkok, where it is hard to walk a few blocks without stumbling upon one. But it was the retailer’s audacious $6.6 billion acquisition of cash and carry discount retailer Siam Makro last year that put the company on the map for MA bankers.

Amid low rates and strong liquidity in baht bond markets, CP All, controlled by Thailand's richest man Dhanin Chearavanont, in April completed refinancing a $5.8 billion bridge loan taken to fund its acquisition of Siam Makro.

Still, its debt levels are lofty. CP All's...