MEXICO CITY, MEXICO – January 17, 2020 – Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) (“KOF”) today announced the consideration for its previously announced offer to purchase for cash (the “Offer”) any and all of its outstanding 3.875% Senior Notes due 2023 (the “Old Notes”) and the related solicitation of consents (the “Consents”) from the holders of Old Notes to certain amendments to the indenture governing the Old Notes (the “Consent Solicitation”). The Offer and the Consent Solicitation are being made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated January 6, 2020 (the “Statement”).
The following table sets forth the consideration payable for Old Notes validly tendered (and not validly withdrawn) on or prior to 5:00 p.m. New York City time today, January 17, 2020, and accepted for purchase by KOF in the Offer (the “Total Consideration”).
The Total Consideration is calculated on the basis of the bid-side price of the 2.750% U.S. Treasury Note due November 15, 2023 (the “Reference Security”) at 11:00 a.m. (New York City time) today, January 17, 2020 (the “Price Determination Date”) and an initial settlement date of January 22, 2020. The Total Consideration includes a consent payment (the “Consent Payment”) of $30.00 per $1,000 principal amount of Old Notes.