July 1, 2022 |
Mexican home appliance manufacturer Mabe said Thursday that it has offered to pay a $50 premium to bondholders who turn in 5.6% 2028 notes in a proposed buyback that expires on July 14.
The Mexico City-based company is offering to pay $1,042.50 for every $1,000 in principal after investors tendered $328 million, or roughly 88.7% of the outstanding amount, by the early deadline on June 29.
Last month, when Mabe offered to repurchase the $370 million in 2028 bonds, it said it would pay a spread of
Mexican home appliance manufacturer extends the offer after bondholders tender 89% of 2028 notes