ALSEA, S.A.B. DE C.V. Mexico City, October 4, 2017. Alsea, SAB de C.V. (BMV: ALSEA *) the leading operator of Quick Service Restaurants, Coffee Shops, and Casual Dining establishments in Latin America and Spain announces the successful placement of unsecured local bonds in two tranches in the Mexican capital market.
Alsea successfully placed a five-year bond for 1,000 million Mexican pesos at a rate of Interbank Interest Rate (TIIE) 28 days plus 0.90% and another 10-year bond for 2,000 million Mexican pesos at a Fixed Rate of 8.85%.
The placements were jointly oversubscribed 3 times.
This placement was rated with "A+(mex)" for local currency debt by Fitch Ratings and "HR AA-" by HR Ratings.
The proceeds from this issuance will be used to refinance existing loans, significantly improving Alsea's debt profile and optimizing its debt duration.
DisclaimerThis press release contains certain forward-looking statements that reflect the current views and/or expectations of Alsea and its management with respect to its performance, business and future events. We use words such as "believe", "anticipate", "plan", "expect", "intend", "target", "estimate", "project", "predict", "forecast", "guideline", "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Alsea is under no obligation and expressly disclaims any intention or obligation to update or revised any forward-looking statements, whether as a results of new information, future events or otherwise.
About AlseaAlsea is the leading restaurant operator in Latin America and Spain of global brands in the quick service, coffee shop, casual and family dining segments. It has a diversified portfolio, with brands such as Domino's Pizza, Starbucks, Burger King, Chili's, California Pizza Kitchen, P.F. Chang's, Italianni's, The Cheesecake Factory, Vips, El Portón, Archie's, Foster's Hollywood, LAVACA and Cañas y Tapas. The company operates more than 3,200 units and has more than 67,000 employees in Mexico, Argentina, Chile, Colombia, Brazil and Spain. Alsea's business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain.
For more information, visit: www.alsea.com.mx
Its shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA* Salvador Villaseñor BarragánInvestor Relations Telephone: (5255) 7583-2000 ri@alsea.com.mx
Alsea SAB de CV published this content on 04 October 2017 and is solely responsible for the information contained herein.
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