Grupo Bimbo: announces significant redemption of its 2022 bond

Mexico City / MX. (gb) Mexico’s Grupo Bimbo S.A.B. de C.V. has notified the holders of its Bimbo 2022 bonds that it intends to redeem before maturity USD 600 million of its 2022 Bonds pursuant to the terms provided in the indenture of such issuance. The Company shall carry out such redemption with the proceeds from certain USD 2 billion committed credit facility due 2023. Once the redemption is completed, Grupo Bimbo will have approximately USD 1.4 billion in undrawn commitments under such credit facility. «This transaction is in line with our permanent commitment to optimize our capital structure and continue our proactive search for future opportunities to maintain a solid balance sheet,» said Diego Gaxiola, Chief Financial Officer, in late March 2021.