QIL+ 4 Abogados advised its clients Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. as purchasers on a Rule 144 A and Regulation S international capital markets debt issuance by The Central America Bottling Corporation (CBC) of an additional US$200 million aggregate principal amount of its 5.750% senior guaranteed notes due 2027.
The company intends to use the proceeds from the offering to refinance existing debt, fund cash on the balance sheet and for general corporate purposes.
The Central America Bottling Corporation operates in Central America, the Caribbean and South America, and has the largest portfolio of products in the region, that include brands owned by PepsiCo and AmBev, as well as its proprietary brands such as LivSmart.
This offering comes in the midst of challenging times sending a positive message to the economy of Guatemala and the other jurisdictions in which CBC operates.
QIL + 4 Abogados Banking and Finance team, led by partners Alejandro Cofiño and Andrés Lowenthal and with the participation of senior associates Melissa Echeverría and Santiago Granados, was in charge of leading the transaction in Guatemala.
Other law firms involved in the transaction include Shearman & Sterling, Hogan Lovells LLP, Palacio & Asociados, Miranda & Amado, Rodrigo, Elias & Medrano, Walkers, Harney Westwood & Riegels LP and Jones Walker LLP.