CBC bottles tight tap after wrapping consent

LatAm, CenAm, Central American Bottling Corporation, CBC, Central America, botella, pepsico, 575
By Oliver West
29 Jul 2020

The Central American Bottling Corporation (CBC), a major bottler and distributor for drinks giants PepsiCo and AmBev, raised $200m of funding in bond markets on Tuesday in an effort to refinance debt and support its cash balance.

CBC had held calls with fixed income investors early last week but before proceeding with the new issue the company wanted to wait until it knew the outcome a consent solicitation that would grant greater flexibility on certain terms in the documentation of existing bonds. 

Over 80% of holders ...

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