Grupo Bimbo, S.A.B. de C.V. Announces Expiration of Cash Tender Offer for Any and All of Its Outstanding 3.875% Senior Notes Due 2024
November 03, 2023 at 06:34 pm EDT
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GRUPO BIMBO, S.A.B. de C.V. announced that its previously announced cash tender offer (the "Offer") to purchase for cash from each holder (each, a "Holder" and, collectively, the "Holders") any and all of its outstanding 3.875% Senior Notes due 2024 (CUSIP Nos. 40052V AC8 /P4949B AJ3; ISIN Nos. US40052VAC81 /USP4949BAJ37) (the "Notes") expired at 5:00 p.m., New York City time, on November 3, 2023 (the "Expiration Date").
The Offer was made pursuant to an offer to purchase dated October 30, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"), which set the terms of the Offer. According to information provided by D.F. King & Co. Inc., acting as the information and tender agent for the Offer (the "Information and Tender Agent"), at or prior to the Expiration Date, a total of $389,851,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn.
The Company has accepted for purchase all of the Notes validly tendered in the Offer and not validly withdrawn on or prior to the Expiration Date. The Company expects to pay the Tender Consideration plus the accrued and unpaid interest on the Notes validly tendered and not validly withdrawn as of the Expiration Date on or around November 8, 2023, subject to the terms and conditions described in the Offer to Purchase. The principal amount of Notes that will be purchased by the Company is subject to change based on deliveries of Notes pursuant to the guaranteed delivery procedures described in the Offer Documents.
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. 
