Coca-Cola FEMSA SAV de CV on Jan. 17 disclosed the consideration for its previously announced tender offer to purchase for cash any and all of its 3.875% senior notes due 2023.
The company is offering to pay $1,075.87 per $1,000 principal amount of its 3.875 senior notes due 2023 validly tendered on or before 5 p.m. New York City time on Jan. 17. The price includes a consent payment of $30 per $1,000 principal amount of the 2023 notes.
The Mexican beverage bottler said the total consideration was calculated based on the bid-side price of its 2.750% U.S. Treasury note due Nov. 15, 2023, at 11 a.m. ET on Jan. 17 and an initial settlement date of Jan. 22.
BofA Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC act as joint book runners for the global notes offering and as dealer managers and solicitation agents for the tender offer and consent solicitation. Global Bondholder Services Corp. acts as the tender and information agent for the tender offer and consent solicitation.