FEMSA in Cash Tender Offer

Cleary Gottlieb represented Fomento Económico Mexicano S.A.B. de C.V. (FEMSA) in an abbreviated five-day cash tender offer for any and all of its outstanding U.S. dollar 4.375% senior notes due 2043.

The tender offer launched on October 31, 2023, expired on November 6, 2023, and settled on November 9, 2023. Consistent with recent market trends resulting from price volatility in the market, the offer consideration was calculated based on a fixed spread to a reference security spotted on November 6, 2023.

This transaction forms an integral part of FEMSA Forward, a series of strategic initiatives announced by FEMSA on February 15, 2023, as a result of a thorough strategic review of its business platform.