$1.3 Billion Senior Notes Offering of Grupo Bimbo

June 27, 2014

Cleary Gottlieb represented Citigroup, HSBC, J.P. Morgan and Mitsubishi as the initial purchasers in a Regulation S/Rule 144A offering of $800 million 3.875% senior notes due 2024 and $500 million 4.875% senior notes due 2044 by Grupo Bimbo. The transaction priced on June 24 and closed on June 27, and the notes were approved for listing on the Irish Stock Exchange. Grupo Bimbo will use the proceeds of the offering to prepay existing indebtedness and for other general corporate purposes.

Grupo Bimbo is the largest baking company in the world and one of the largest consumer food companies in the Americas, operating in 21 countries throughout the Americas, Europe and Asia.