Grupo Bimbo B de C : Mexican breadmaker Bimbo to carry out early repurchase of $600 mln of 2022 bonds
March 26, 2021 at 04:43 pm EDT
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MEXICO CITY, March 26 (Reuters) - Mexican breadmaker Grupo
Bimbo notified holders of its Bimbo 2022 bonds that
it will carry out a $600 million early repurchase of the bonds,
the company said in a filing with the Mexican stock exchange on
Friday.
The company said it will use part of a credit line to carry
out the repurchase and will be left with $1.4 billion available
in that credit line once the program has been finalized, the
filing said.
(Reporting by Raul Cortes and Cassandra Garrison; Editing by
Leslie Adler)
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. 
