FEMSA ANNOUNCES EARLY TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER

Core Viewpoint - FEMSA has announced the early tender results for its cash Tender Offer to purchase up to US$250 million of its notes, indicating a strategic move to optimize its capital structure and enhance financial flexibility [1][6]. Tender Offer Details - The Tender Offer is set to expire on July 3, 2024, at 5:00 p.m. New York City time, unless extended or terminated earlier [11]. - As of the Early Tender Time on June 17, 2024, all conditions for the Tender Offer have been satisfied or waived [4]. - The Total Consideration for the notes includes an early tender premium of US$30 per US$1,000 principal amount of notes validly tendered [2][15]. Financial Information - FEMSA has accepted for purchase US$206,762,000 of its 3.500% Senior Notes due 2050, with a total outstanding principal amount of US$1,556,946,000 [9][15]. - The initial settlement date for the accepted notes is expected to be June 20, 2024 [16]. Strategic Context - The Tender Offer is part of a series of strategic initiatives announced by FEMSA in February 2023, aimed at a comprehensive review of its business platform and capital structure [6]. - FEMSA operates in various sectors, including retail, beverage, and logistics, employing over 392,000 people across 18 countries [7].