Grupo Bimbo B de C : Disposed US$720 Million From its Committed Revolving Credit Facility
March 25, 2020 at 08:33 pm EDT
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Grupo Bimbo Disposed US$720 Million From its Committed Revolving Credit Facility
Mexico City, March 25, 2020 - Grupo Bimbo S.A.B. de C.V. ('Grupo Bimbo' or the 'Company') disposed US$720 million of its committed revolving credit facility, which has a total value of US$2 billion. The disposed credit line has a maturity on October 7 th , 2023.
The resources will be used to refinance the remaining US$200 million of the 2020 notes maturing in June, while the remainder will be used for increasing the Company's liquidity, prioritizing flexibility and financial strength as a preventive measure due to the current environment.
With this, Grupo Bimbo currently has US$1.3 billion available in its committed credit facility for future disposals.
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Grupo Bimbo SAB de CV published this content on 25 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2020 00:32:00 UTC
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.
GRUPO BIMBO, S.A.B. DE C.V. 
