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Bimbo Bakeries USA launches international capital markets debt offering
By Marisa Wong
Los Angeles, Oct. 30 – Grupo Bimbo, SAB de CV wholly owned subsidiary Bimbo Bakeries USA, Inc. is conducting an international capital markets debt offering of notes, according to a Monday press release.
Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the initial purchasers in the new debt offering.
Proceeds will be used for general corporate purposes, including funding in whole or in part Grupo Bimbo’s concurrent tender offer for its 3 7/8% notes due 2024.
Bimbo Bakeries is the Horsham, Pa.-based American corporate arm of the Mexico-City-based baked goods company.
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