Arca Continental Goes for 4.35 Billion Pesos

Arca Continental, the second largest Coca-Cola bottler in Latin America, is returning to the stock market to raise 4,350 million pesos through a debt placement.
The funds raised will be used to refinance the company's liabilities. Fitch Ratings and Moody's have positively assessed Arca Continental's financial stability.

Arca Continental seeks to refinance its liabilities with a debt placement. Photo: Arca Continental.

By: SiiLA News

05/16/2022

Arca Continental (AC), the second largest Coca-Cola bottler in Latin America, is returning to the stock market after a year to carry out a debt placement in order to raise up to 4,350 million pesos. The funds will be used to refinance their liabilities.

The company plans to offer two tranches of debt on June 8th at the Mexican Stock Exchange (BMV). One tranche will have a fixed interest rate and a payment term of up to seven years, while the other will have a variable interest rate and a term of up to four years, as described in an investor presentation.

Fitch Ratings has highlighted that the company has sufficient financial flexibility to meet its short-term and long-term debt maturities. Moody's, the credit rating agency, has also awarded the highest rating to Arca Continental's bonds.

Read the full article (in Spanish).

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