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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Alsea SAB de CV    ALSEA *   MXP001391012

ALSEA SAB DE CV (ALSEA *)
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Alsea de CV : SUCCESSFUL BOND ISSUANCE IN THE MEXICAN MARKET

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10/04/2017 | 10:40pm CEST
ALSEA SUCCESSFUL BOND ISSUANCE IN THE MEXICAN MARKET

Mexico City, October 4, 2017. Alsea, SAB de C.V. (BMV: ALSEA *) the leading operator of Quick Service Restaurants, Coffee Shops, and Casual Dining establishments in Latin America and Spain announces the successful placement of unsecured local bonds in two tranches in the Mexican capital market.

Alsea successfully placed a five-year bond for 1,000 million Mexican pesos at a rate of Interbank Interest Rate (TIIE) 28 days plus 0.90% and another 10-year bond for 2,000 million Mexican pesos at a Fixed Rate of 8.85%.

The placements were jointly oversubscribed 3 times.

This placement was rated with "A+(mex)" for local currency debt by Fitch Ratings and "HR AA-" by HR Ratings.

The proceeds from this issuance will be used to refinance existing loans, significantly improving Alsea's debt profile and optimizing its debt duration.

Disclaimer

This press release contains certain forward-looking statements that reflect the current views and/or expectations of Alsea and its management with respect to its performance, business and future events. We use words such as "believe", "anticipate", "plan", "expect", "intend", "target", "estimate", "project", "predict", "forecast", "guideline", "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Alsea is under no obligation and expressly disclaims any intention or obligation to update or revised any forward-looking statements, whether as a results of new information, future events or otherwise.

About Alsea

Alsea is the leading restaurant operator in Latin America and Spain of global brands in the quick service, coffee shop, casual and family dining segments. It has a diversified portfolio, with brands such as Domino's Pizza, Starbucks, Burger King, Chili's, California Pizza Kitchen, P.F. Chang's, Italianni's, The Cheesecake Factory, Vips, El Portón, Archie's, Foster's Hollywood, LAVACA and Cañas y Tapas. The company operates more than 3,200 units and has more than 67,000 employees in Mexico, Argentina, Chile, Colombia, Brazil and Spain. Alsea's business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain.

For more information, visit: www.alsea.com.mx

Its shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA* Salvador Villaseñor Barragán

Investor Relations Telephone: (5255) 7583-2000 ri@alsea.com.mx

Alsea SAB de CV published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2017 20:39:05 UTC.

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Financials (MXN)
Sales 2018 46 861 M
EBIT 2018 3 653 M
Net income 2018 1 454 M
Debt 2018 15 512 M
Yield 2018 1,32%
P/E ratio 2018 36,14
P/E ratio 2019 27,11
EV / Sales 2018 1,50x
EV / Sales 2019 1,34x
Capitalization 54 700 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 76,9  MXN
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Renzo Casillo Chief Executive Officer
Alberto Torrado Martínez Chairman
Rafael Contreras Grosskelwing Chief Financial Officer
Salvador Aponte Escalante Director-Information Technology
Armando Torrado Martínez Director
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CHIPOTLE MEXICAN GRILL61.70%13 349
DOMINO'S PIZZA, INC.51.47%11 985