Grupo Bimbo prepays $135 million in debt

by Eric Schroeder
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MEXICO CITY — Grupo Bimbo S.A.B. de C.V. on Monday said it prepaid $135 million of a $900 million loan used to fund the acquisition of the U.S. fresh bakery business of Weston Foods, Inc. in January 2009.

This is the second prepayment related to the financing obtained in January. On June 17, Grupo Bimbo prepaid in full its $600 million bridge loan scheduled to be due in January 2010.

Grupo Bimbo said it used the proceeds of a recent $748 million offering of peso-denominated debt on the Mexican market to repay the debt, which was due in 2012.

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