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.
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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.
