Central America Bottling Corporation’s $500 Million 144A/Reg S Bond Offering and $236.6 Million Bond Buyback


Hogan Lovells advised The Central America Bottling Corporation (CBC), a beverage distributor with operations in Central America, the Caribbean and South America, in the issuance of a US$500 million 5.75% Rule 144A/Regulation S notes due 2027 sold in the international markets.

The proceeds will be used to repurchase and redeem all of the outstanding US$300 million 6.75% bonds due 2022 issued in 2012 and 2013. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as initial purchasers. The transaction, which was five times oversubscribed, closed on January 31, 2017.

Hogan Lovells also represented CBC in its first issuances of US$200 million notes due 2022 in February 2012 and the US$100 million reopening in May 2013.

The Hogan Lovells team included New York partners Oscar Stephens (Picture), and associates Rebecca Francus and Elizabeth Olaya Marquez, international lawyer Thais Lorenzi Ambrosano and Miami partner Jose Valdivia.

Involved fees earner: Oscar Stephens – Hogan Lovells; Rebecca Francus – Hogan Lovells; Elizabeth Olaya Marquez – Hogan Lovells; José Valdivia – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Central America Bottling Corporation;

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Author: Ambrogio Visconti