GRUPO FAMSA, S.A.B. DE C.V. ANNOUNCES AN ADVANCE PAYMENT OF DEBT FOR US$110 MILLION
  • With this payment, the Company reduces its outstanding Dollar- denominated senior notes balance by 44%.

  • The debt reduction substantially lowers the Company´s exposure to FX MXP-USD volatility.

Monterrey, Mexico, September 8, 2017 - Grupo Famsa, S.A.B. of C.V. (BMV: GFAMSA) announced today that it has completed a partial redemption previously notified on August 9, 2017 in the aggregate principal amount of US$110,000,000 of its outstanding 7.25% Senior Notes due 2020 (CUSIP/ISIN No. 40052W AC6/US40052WAC64 and P7700W CG3/USP7700WCG35). The Notes were

redeemed pursuant to Section 5.1 of Article 5 of the Indenture and Section 5 of the Notes at a redemption price of 103.625%. The total redemption payment of US$116,136,319.45 comprises: (i) the redemption premium of US$3,987,500.00; (ii) interest accrued from last interest payment through redemption date of US$2,148,819.45; and, (iii) aggregate principal amount of US$110,000,000.00.

About Grupo Famsa

Established in 1970 in Monterrey, Nuevo Leon, Grupo Famsa has consolidated its position as a publicly-traded company with a solid presence in the retail sector, focusing its efforts on satisfying families' diverse consumption, financing and savings needs. Its target market lies in the Mexican low-middle income households and the Hispanic population of the states where it operates in the USA. Retail sales of Grupo Famsa in Mexico comprise furniture, electronics, appliances, mobile phones, computers, motorcycles, clothing and other durable goods, which are mainly sold within the stores network of Grupo Famsa. In Texas and Illinois, in the USA, Grupo Famsa's offering comprises furniture, electronics, appliances, computers and other durable goods through the operation of its subsidiary Famsa, Inc

.

Contact:

Investor Relations Paloma E. Arellano Bujanda paloma.arellano@famsa.com

Phone: +52 (81) 8389-3400 ext. 1419

Grupo FAMSA SAB de CV published this content on 08 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 September 2017 18:08:04 UTC.

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