July 30, 2020
Mexican food company Grupo Herdez plans to raise MXN3 billion to MXN5 billion, or $136 million to $227 million, to pay off debt by issuing new bonds in the local market, while dairy producer Grupo Lala intends to issue MXN3.5 billion in notes for the same purpose.
Herdez has gone a roadshow this week, CFO Gerardo Canavati recently told analysts during an earnings call, as it looks to refinance debt that comes due in the next two years.
The company will split the deal into five-year notes at a fl
Mexican dairy producer could issue $225 mln to refinance debt, while processed food company goes for $160 mln