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Coca-Cola FEMSA, S.A.B. de C.V. reports developments for a Mexico-incorporated Coca-Cola franchise bottler that produces, packages, distributes, and sells trademark beverages of The Coca-Cola Company across Latin American markets. Its public updates include capital-markets actions involving senior notes, cash tender offers, tender results, and related consideration for noteholders.
The company’s operating context centers on beverage concentrate purchases, bottling, packaging, and distribution through modern trade, traditional trade, and on-premise channels, with Mexico and Brazil forming major markets within its regional footprint.
Coca-Cola FEMSA (KOF) announced the acceptance of its cash offers to purchase certain series of notes for a total amount of up to US$299.84 million. The company will repurchase all tendered 5.250% Senior Notes due 2043 and US$209.47 million of 2.750% Senior Notes due 2030. The offers were initially capped at US$250 million. Holders of accepted notes will receive a total consideration that includes an early tender premium. The offers expire on September 22, 2022, with an initial settlement date expected on September 13, 2022.
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has announced results from its early tender offers for the purchase of certain senior notes, totaling up to US$250 million. As of September 8, 2022, the company reported tendered amounts of 110.86 million for the 5.250% Senior Notes due 2043 and 366.87 million for the 2.750% Senior Notes due 2030. The total consideration for accepted notes will be determined on September 9, with payment expected on September 13. The offers will expire on September 22, 2022.
Coca-Cola FEMSA (KOF) has initiated a cash tender offer for its Notes, aiming for an aggregate purchase price of up to US$250 million. This offer includes two series of Senior Notes due 2043 and 2030, with principal amounts outstanding of US$600 million and US$1.25 billion, respectively. The transaction allows holders to receive a Total Consideration calculated based on market yields plus a US$30 early tender premium. The offer will expire on September 22, 2022, and holders must tender their notes by September 8, 2022 to qualify for early consideration.