Mexico’s Grupo KUO begins roadshow for $350 million 10-year notes

By Colin Hanner

Chicago, June 22 – Mexico’s Grupo KUO, SAB de CV began a roadshow on Thursday for a proposed $350 million offering of 10-year senior notes, market sources said.

Proceeds of the notes (/BB/BB) will be used to refinance the issuer’s $325 million of senior notes due 2022, Fitch Ratings said.

A tender offer for the notes began last Thursday. It has an early tender deadline of June 28.

Merrill Lynch, Pierce, Fenner & Smith Inc. is dealer manager for the tender offer.

Grupo KUO is a Mexico City-based chemical, automotive and food conglomerate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.