January 22, 2020
Mexican bottling company Coca-Cola Femsa said on Tuesday that it agreed to buy back $502 million in 3.875% 2023 notes as part of a tender offer that expired on January 17.
Coca-Cola Femsa offered to pay bondholders $1,075.87 for every $1,000 in principal in a transaction managed by Bank of America, Citi and Goldman Sachs, the same banks that led the company to the cross-border bond market with $1.25 billion worth of new notes earlier this month.
Coca-Cola Femsa had $900 million in outstanding 20
Mexican bottling company agrees to repurchase $502 mln in 2023 notes