Bimbo draws on credit to buy back bonds

Bimbo draws on credit to buy back bonds

Bonds Debt Loans Capital Markets Mexico

Mexico's Grupo Bimbo said Friday that it will draw on a $2 billion line of credit to repurchase $600 million worth of 2022 bonds ahead of schedule, according to a securities filing. "This operation sees to our permanent focus on optimizing our capital structure and we will continue to proactively seek opportunities in the future to maintain a strong balance sheet," Bimbo CFO Diego Gaxiola said in the filing. In June last year, Bimbo paid back $400 million from a revolving credit facility after i

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial