Grupo Bimbo in $800 Million 4.50% Senior Guaranteed Notes Offering

January 25, 2012

Cleary Gottlieb represented initial purchasers Citigroup Global Markets, Banco Bilbao Vizcaya Argentaria, Santander Investment Securities and Mitsubishi UFJ Securities (USA), in the Rule 144A/Reg S offering by Grupo Bimbo of $800 million 4.50% Senior Guaranteed Notes due 2022. The notes are expected to be listed on the Irish Stock Exchange. This was Grupo Bimbo’s first capital markets offering following its recent acquisition of Sara Lee Corporation’s fresh bakery business in North America, Spain and Portugal. Despite volatility in the market, the deal received strong investor interest. The offering closed on January 25.

Grupo Bimbo is one of the largest baked goods companies in the world and one of the largest packaged food players, with a presence in 19 countries and a diversified portfolio of over 7,000 products and more than 150 renowned brands, including Bimbo, Oroweat, Arnold, Marinela, Thomas’, Barcel, Sara Lee, Entenmann’s, Ricolino, Tía Rosa, Pullman, Rainbo and Nutrella.