MEXICO CITY, Jan. 17, 2020 /PRNewswire/ -- Coca-Cola FEMSA,
S.A.B. de C.V. (NYSE: KOF) ("KOF") today announced the
consideration for its previously announced offer to purchase for
cash (the "Offer") any and all of its outstanding 3.875% Senior
Notes due 2023 (the "Old Notes") and the related solicitation of
consents (the "Consents") from the holders of Old Notes to certain
amendments to the indenture governing the Old Notes (the "Consent
Solicitation"). The Offer and the Consent Solicitation are being
made on the terms and subject to the conditions set forth in the
Offer to Purchase and Consent Solicitation Statement dated
January 6, 2020 (the
"Statement").
The following table sets forth the consideration payable for Old
Notes validly tendered (and not validly withdrawn) on or prior to
5:00 p.m. New York City time today, January 17, 2020, and accepted for purchase by
KOF in the Offer (the "Total Consideration").
The Total Consideration is calculated on the basis of the
bid-side price of the 2.750% U.S. Treasury Note due November 15, 2023 (the "Reference Security") at
11:00 a.m. (New York City time) today, January 17, 2020 (the "Price Determination Date")
and an initial settlement date of January
22, 2020. The Total Consideration includes a consent
payment (the "Consent Payment") of $30.00 per $1,000
principal amount of Old Notes.
Old
Notes
|
|
CUSIP/ISIN
|
|
Principal
Amount
Outstanding
|
|
Reference
Security
|
|
Relevant
Bloomberg
Page
|
|
Reference
Yield
|
|
Fixed
Spread
|
|
Total
Consideration
per $1,000
Principal
Amount of
Old Notes(1)
|
3.875% Senior
Notes due 2023
|
|
191241 AE8 /
US191241AE83
|
|
$900,000,000
|
|
2.750% U.S. Treasury
Note
due November 15, 2023
|
|
PX5
|
|
1.622%
|
|
20 bps
|
|
$1,075.87
|
_____________________
|
(1)
|
The Total
Consideration was calculated on the basis of the bid-side price of
the Reference Security at 11:00 a.m., New York City time on the
Price Determination Date and an initial settlement date of January
22, 2020. The Total Consideration includes the Consent
Payment.
|
KOF has engaged BofA Securities, Inc., Citigroup Global Markets
Inc. and Goldman Sachs & Co. LLC to act as dealer managers and
solicitation agents in connection with the Offer and Consent
Solicitation (the "Dealer Managers"). Global Bondholder
Services Corporation is acting as the tender and information agent
for the Offer and Consent Solicitation.
The Offer and Consent Solicitation are not being made to holders
of Old Notes in any jurisdiction in which KOF is aware that the
making of the Offer and Consent Solicitation or the acceptance of
Consents would not be in compliance with the laws of such
jurisdiction. In any jurisdiction in which the securities
laws or blue sky laws require the Offer and Consent Solicitation to
be made by a licensed broker or dealer, the Offer and Consent
Solicitation will be deemed to be made on KOF's behalf by the
Dealer Managers or one or more registered brokers or dealers that
are licensed under the laws of such jurisdiction. Any
questions or requests for assistance regarding the Offer and
Consent Solicitation may be directed to BofA Securities, Inc. at +1
(888) 292-0070, Citigroup Global Markets Inc. at +1 (800) 558-3745,
Goldman Sachs & Co. LLC at +1 (800) 828-3182 (each toll-free in
the United States) or, if calling
from outside the U.S., BofA Securities, Inc. at +1 (646) 855-8988,
Citigroup Global Markets Inc. at +1 (212) 723-6106, or Goldman
Sachs & Co. LLC at 1 (212) 357-1452 (collect). Requests
for additional copies of the Statement and related documents may be
directed to Global Bondholder Services Corporation at +1 (866)
794-2200 (toll-free).
Neither the Statement nor any documents related to the Offer and
Consent Solicitation have been filed with, or approved or reviewed
by, any federal or state securities commission or regulatory
authority of any country. No authority has passed upon the
accuracy or adequacy of the Statement or any documents related to
the Offer and Consent Solicitation, and it is unlawful and may be a
criminal offense to make any representation to the contrary.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are information of a non-historical
nature or which relate to future events and are subject to risks
and uncertainties. KOF undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information or future events or for any other
reason.
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SOURCE Coca-Cola FEMSA, S.A.B. de C.V.