Mexican baker Grupo Bimbo has prepaid US$135m of its three-year $900m loan, obtained last January to fund its acquisition of the US fresh bakery business from Weston Foods.


It is the second such prepayment and was funded by the remaining proceeds from a domestic bond issue.


“The prepayment reflects the company’s actions and anticipation to achieve a long-term amortisation profile that aligns expected cash flows with debt amortisations, in order to maintain a sound balance sheet and credit profile,” the company said in a regulatory filing.

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