The Central America Bottling Corporation, CBC Bottling Holdco, S.L. and Beliv Holdco, S.L. have made a Senior Sustainability Notes issuance in the international capital markets for an amount of US$1,100,000,000.00 with a 5.250% interest payable in 2029 and guaranteed by companies of the food and beverages conglomerate based in Guatemala.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as structuring agents of the issuance registered in Luxemburg and governed by New York law.
The interesting thing about this issuance is that the interest rate of the Senior Sustainability Notes is tied to the achievement of certain environmental sustainability goals and compromises consisting on: (i) green gas emissions reduction in its multijurisdictional operation and (ii) waste to landfill reduction in the areas where its main plant facilities operate. Compliance of these commitments will be determined using a base line that was established as per international level methodology and best environmental standards to be verified by a third-party independent reviewer.
ALTA – QIL4 Abogados is delighted with its participation in this innovative green transaction with an important and creative environmental component to motivate and incentive best environmental practices and reduce the company’s carbon footprint. We are proud of the team that participated in this transaction, congratulations to Alejandro Cofiño, Andrés Lowenthal and Ignacio Grazioso.
We hope this is the first of several similar deals to come!
