BRITISH VIRGIN ISLANDS– The Central America Bottling Corporation (the “Company”) today announced the expiration and results of the previously announced solicitation of consents (the “Consent Solicitation”) by the Company, CBC Bottling Holdco, S.L. and Beliv Holdco, S.L. (collectively, the “Co-Issuers”) from the holders of their 5.250% Senior Guaranteed Sustainability-Linked Notes due 2029 (the “Notes”).
The Co-Issuers confirm that they have received consents from holders representing 85.57% in principal amount of their outstanding Notes in order to permit the modification of the indenture governing the Notes (the “Indenture”) as follows:
- clauses (12) and (13) and the last paragraph of the definition of “Permitted Investments” have been amended and restated, and a new clause (14) has been added; and
- the Consolidated Total Indebtedness to Consolidated EBITDA Ratio in Section 3.07(a) (Limitation on Incurrence of Additional Indebtedness) has been amended,
The Co-Issuers have executed a supplemental indenture to the Indenture to effect the Proposed Amendments approved in the Consent Solicitation. The supplemental indenture will become operative on June 18, 2024 (the “Settlement Date”), following the payment of the Consent Payment (as defined below) by the Co-Issuers.
The Co-Issuers will pay on the Settlement Date a consent payment (the “Consent Payment”) equal to U.S.$15 per U.S.$1,000 principal amount of Notes in cash to holders of their Notes who validly delivered (and did not validly revoke) a consent in accordance with the terms of the Consent Solicitation at or prior to 5:00 p.m., New York City time, on June 14, 2024.
