Embotelladora Andina’s $300 Million International Bond Offering

Simpson Thacher advised Embotelladora Andina S.A. in the offering.

Embotelladora Andina S.A. (“Andina”) completed the offering of US$300 million aggregate principal amount of 3.95% senior notes due 2050. The notes were offered and sold in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.

Andina intends to use the proceeds from the offering for general corporate purposes, which may include repayment of existing indebtedness and financing of potential acquisitions.

Andina produces, markets and distributes beverages under The Coca-Cola Company trademarks in Chile, Brazil, Argentina and Paraguay. It is the third largest bottler of Coca-Cola trademark beverages in Latin America, the largest bottler in Chile and Argentina and the third largest in Brazil, in each case in terms of sales volume, serving territories populated by approximately 52.6 million people.

The Simpson Thacher team for the transaction included David L. Williams (Picture), Juan Francisco Méndez, Antonio Ribichini and Claudia Calderón Correa (Capital Markets), Jonathan Cantor and Brian Mendick (Tax), and Jonathan Lindabury and Nathan Utterback (Derivatives).

Involved fees earner: Claudia Calderón Correa – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jonathan Lindabury – Simpson Thacher & Bartlett; Juan Francisco Mendez – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Antonio Ribichini – Simpson Thacher & Bartlett; Nathan Utterback – Simpson Thacher & Bartlett; David Williams – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Embotelladora Andina S.A.;

Author: Ambrogio Visconti