Coca-Cola FEMSA in $300 Million Tender Offer

September 13, 2022

Cleary Gottlieb represented Coca-Cola FEMSA S.A.B. de C.V. (Coca-Cola FEMSA) in a tender offer to purchase for cash its outstanding 5.25% senior notes due 2043 and its 2.75% senior notes due 2030 for an aggregate purchase price, excluding accrued and unpaid interest, of up to approximately $300 million.

HSBC and J.P. Morgan acted as dealer managers for the tender offer.

The tender offer launched on August 25, 2022, and early settled on September 13, 2022. Consistent with recent market trends resulting from price volatility in the market, the tender consideration was calculated based on a fixed spread to a reference security spotted on September 9, 2022.