June 17, 2022 |
Mexican home appliance manufacturer Mabe plans to issue "new debt" to refinance up to $370 million in 5.6% 2028 bonds, it said in a press release.
The Mexico City-based company has offered to pay bondholders a spread of 145 basis points over US Treasury bonds for every $1,000 in principal, including a $50 premium, until the early deadline on June 29, it said in the press release late Wednesday.
BNP Paribas and Citi are the dealer managers on the buyback, it added.
Mabe had $444 million in net de
Mexcian home appliance manufacturer conditions a $350 mln buyback on raising "new debt"