Becle, S.A.B. de C.V. Announces Consideration For The Cash Tender Offer And Consent Solicitation Of Its 3.750% Senior Notes Due 2025 Carried Out By Morgan Stanley & Co. LLC
October 08, 2021 at 01:35 pm EDT
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Becle, S.A.B. de C.V. announced the consideration for the previously announced offer to purchase for cash any and all of its outstanding 3.750% Senior Notes due 2025 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") carried out by Morgan Stanley & Co. LLC (the "Offeror" or "Morgan Stanley"). 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 September 27, 2021 (the "Offer to Purchase"). The Total Consideration is calculated on the basis of the bid-side price of the 0.375% U.S. Treasury Note due April 30, 2025 (the "Reference Security") at 11:00 a.m. (New York City time) October 8, 2021. The Total Consideration includes a consent payment of $50.00 per $1,000 principal amount of Old Notes. Holders who validly tender (and do not validly withdraw) their Old Notes after the Consent Payment and Withdrawal Deadline and on or prior to 11:59 p.m.New York City time, on October 25, 2021, will be eligible to receive the Total Consideration minus $50.00 per $1,000 principal amount of Old Notes.
Becle SAB de CV is a Mexico-based company engaged in the beverages industry. The Company focuses on the production, bottling, trade and distribution of alcoholic and non-alcoholic beverages. Its offer includes various types of tequila distributed under own Jose Cuervo brand name, non-alcoholic drinks, ready-to-drink beverages, as well as other distilled alcohols distributed under third-party brand names, including Three Olives, Hangar 1, Stranahan's, Bushmills and Boodles. Its distribution chain comprises operations in the United States, Mexico and other countries. In addition, the Company is involved in the farming and processing of blue agave. The Company owns a number of subsidiaries, such as Tequila Cuervo la Rojena SA de CV, Casa Cuervo SA de CV and Azul Agricultra y Servicios SA de CV.
Becle, S.A.B. de C.V. Announces Consideration For The Cash Tender Offer And Consent Solicitation Of Its 3.750% Senior Notes Due 2025 Carried Out By Morgan Stanley & Co. LLC