#無し #British Virgin Islands #Sustainability-Linked Notes #Central America Bottling #CBC

Central America Bottling Corporation Launches Tender Offer for Notes

The Central America Bottling Corporation (CBC), along with its affiliates CBC Bottling Holdco, S.L. and Beliv Holdco, S.L. (collectively referred to as the Co-Issuers), has officially announced a cash tender offer intended to purchase up to $400 million from their outstanding 5.250% Senior Guaranteed Sustainability-Linked Notes due in 2029. This strategic move comes in connection with the aggregate principal amount of $1,100,000,000 in these notes, which were issued under an indenture established on January 27, 2022.

Details of the Tender Offer

The company's offer seeks to acquire these notes, with the consideration for each $1,000 principal amount set at $992.50. Furthermore, bondholders will receive accrued and unpaid interest from the last payment date until the settlement date, which is projected to occur five business days following the Offer's expiration on September 23, 2026.

Price Consideration Structure

The offer stipulates that holders of the notes can participate by tendering their bonds until the expiration time. Notably, if the total amount of notes validly tendered exceeds $400 million, the acceptance will be based on a proportional allocation. This aspect is crucial as it ensures an equitable method for distributing the tendered notes among participants, retaining a measure of fairness throughout potential oversubscription scenarios.

The Context Behind the Tender Offer

This action is part of CBC’s broader objective to manage its financial obligations while possibly securing new financing options. The concurrent offering of new notes is designed to support the tender offer and provide CBC with greater flexibility. Investors interested in both tendering their existing notes and acquiring new offerings must contact designated dealer managers to obtain an Allocation Identifier Code. However, it is important to note that an allocation code does not guarantee an allocation of new notes, and a separate application is necessary.

Conditions and Regulatory Compliance

The successful execution of the offer hinges on satisfying certain conditions, including the completion of the concurrent offering. This adherence to regulatory standards is paramount, particularly as the terms specified in the offering memorandum dictate that new notes will be accessible solely to qualified institutional buyers under established securities regulations.

Investor Information and Recommendations

The Co-Issuers have engaged BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities as dealer managers to assist participants during the tender process. Interested holders of the notes can reach out to these firms for further guidance on the tender offer and to clarify any aspects related to their investment strategies. It's essential for investors to endeavor thorough research and consider personal financial circumstances prior to participating in the tender offer, as no recommendations have been provided by Co-Issuers or associated parties regarding the tender's merit.

Forward-Looking Statements

Included within the press release are forward-looking statements due to the nature of the Offer. Investors should be aware that actual outcomes may significantly diverge from these projections. The Co-Issuers are also not obliged to disclose future adjustments to these forward-looking statements, which could also be influenced by changing market conditions and corporate developments.

About The Central America Bottling Corporation

CBC is recognized for its pivotal role in producing and distributing a diverse range of beverage products, including those under the renowned PepsiCo and Ambev brands. It has also embraced its proprietary wellness line, Beliv, demonstrating a commitment to innovation and sustainability within its product offerings.