Grupo Bimbo: prepays 300 million USD of revolver facility

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.

Exchange rate on November 24th, 2009 (Interbank):
1’000’000 Euro (EUR) = 19’323’200,000 Mexican Pesos (MXN)
1’000’000 Mexican Pesos (MXN) = 51’751,263 Euro (EUR)

About: Grupo Bimbo is one of the largest baking companies in the world in terms of production and sales volume. As the market leader in the Americas, Grupo Bimbo has 99 plants and 600 distribution centers strategically located in 18 countries throughout the Americas, Europe and Asia. Its main product lines include sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionery products, among others. Grupo Bimbo produces over 5’000 products and has one of the most extensive direct distribution networks in the world, with more than 39’000 routes and 102’000 employees.