Grupo Bimbo repays $1 billion in debt

by Eric Schroeder
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MEXICO CITY — Grupo Bimbo, S.A.B. de C.V. on July 9 said it repaid $1 billion in debt, including $200 million due this year and the prepayment of another $800 million in debt maturing in 2012.

“By prepaying and refinancing the company’s obligations more than 18 months in advance, the average maturity of Grupo Bimbo’s debt increased from 3.1 years to more than 5 years,” the company said.

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