Coca-Cola FEMSA in $2.15 Billion Senior Notes Offering

November 26, 2013

Cleary Gottlieb represented its longtime client Coca-Cola FEMSA, S.A.B. de C.V. in the sale of $1 billion 2.375% senior notes due 2018, $750 million 3.875% senior notes due 2023 and $400 million 5.250% senior notes due 2043, in an SEC registered offering. Citigroup Global Markets Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Mitsubishi UFJ Securities (USA), Inc. acted as joint lead managers and bookrunners, and Credit Agricole Securities (USA) Inc. and Mizuho Securities USA Inc. acted as passive bookrunners in the offering, which priced on November 19 and closed on November 26. The issuance was Coca-Cola FEMSA’s first takedown under its recently established shelf registration statement, and application will be made to list each series of notes on the GEM Market of the Irish Stock Exchange. The transaction was oversubscribed multiple times with broad participation from investment grade dedicated investors.

Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world, produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina and Philippines, along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The company has 67 bottling facilities and serves 338 million consumers through more than 2,800,000 retailers with more than 120,000 employees worldwide.