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Grupo Bimbo carries out the first amortization of US$680 million Bridge Loan
21/05/2002

Grupo Bimbo announces that it completed the first payment related to its Bridge Loan of US$680 million completed on March 4, 2002 with four financial institutions.

The proceeds fo this one-year Bridge Loan were used primarily for the acquisition of the Western U.S. division of George Weston, Ltd.

The pre-payment reached US$366 million, amortizing over half of the Bridge Loan completed last March. Through this transaction, Grupo Bimbo achieves significan progress in obtaining an optimal debt maturity profile and lengthens the maturities of its financial obligations. The resources used for the payment came from the issuance of Certificados Bursatiles completed by Grupo Bimbo in May of this year.

 

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