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Mexico’s Coca-Cola Femsa calls $555 million of 2 3/8% notes due 2018
New York, July 13 – Coca-Cola Femsa, SAB de CV will redeem $555 million, or 55.5%, of its 2 3/8% senior notes due 2018 on Aug. 18.
Selection of notes to be redeemed will be made by lot, according to a 6-K filing with the Securities and Exchange Commission.
Following completion of the redemption, the company will have $445 million of the notes outstanding.
In June, the issuer said it would repay some of the notes using proceeds from the sale of Ps. 8.5 billion of 7.87% 10-year bonds and Ps. 1.5 billion of five-year floating-rate bonds with a coupon of TIIE plus 25 basis points.
Femsa is a Monterrey, Mexico-based Coca-Cola bottler.
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