Grupo Bimbo sells $800 million in notes

by Eric Schroeder
Share This:

MEXICO CITY — Grupo Bimbo S.A.B. has sold $800 million of its 4.875% notes due in 2020. The company said the notes constitute senior unsecured obligations and unconditionally will be guaranteed by certain Grupo Bimbo subsidiaries, including Bimbo S.A. de C.V., Barcel S.A. de C.V., Bimbo Bakeries USA, Inc. and Bimbo Foods, Inc. The company said it will use proceeds from the offering to refinance existing indebtedness and for general corporate purposes.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.