Mexico City / MX. (div) Grupo Bimbo S.A.B. de C.V. announced a prepayment of 300 million USD towards its 600 million USD revolver facility due July 2010, funded by the Company´s own resources. Following this prepayment, the Company´s debt totals 37,0 billion MXN and the total debt to EBITDA ratio is 2,5 times.
«We are very pleased that our operations continue to generate healthy and strong free cash flow, particularly following the expansion of our US business. This enables us to fulfil our commitment of maintaining a healthy credit profile while sustaining sufficient flexibility in our balance sheet. As we outlined earlier in the year following our acquisition in the United States, we remain focused on disciplined execution and strict cash management», said Guillermo Quiroz, Grupo Bimbo´s Chief Financial Officer.
1’000’000 Euro (EUR) = 19’323’200,000 Mexican Pesos (MXN)
1’000’000 Mexican Pesos (MXN) = 51’751,263 Euro (EUR)