Prepays Us$400 Million Of Its Committed Revolving Credit Facility.
Grupo Bimbo S.A.B. de C.V. (“Grupo Bimbo” or the “Company”) prepaid US$400 million of its committed revolving credit facility, maturing on October 7 th , 2023.
On March 25, 2020 the Company announced the disposal of US$720 million of its committed revolving credit facility, from which US$200 million will be used to refinance the 2020 notes maturing in June, while the balance was aimed at increasing liquidity, prioritizing flexibility and financial strength as a preventive measure due to the uncertain environment. However, due to the strong results and solid cash flow generation, coupled with a less uncertain environment, Grupo Bimbo decided to prepay US$400 million of its outstanding debt.
With this, Grupo Bimbo currently has approximately US$1.7 billion available in its credit facility.
