The Central America Bottling Corporation Announces Results of Cash Tender Offer for 5.250% Senior Guaranteed Sustainability-Linked Notes due 2029
PR Newswire
BRITISH VIRGIN ISLANDS, Sept. 24, 2026
BRITISH VIRGIN ISLANDS, Sept. 24, 2026 /PRNewswire/ — The Central America Bottling Corporation (“CBC” or the “Company“), CBC Bottling Holdco, S.L. (“CBC Bottling“) and Beliv Holdco, S.L. (“Beliv Holdco” and, together with the Company and CBC Bottling, the “Co-Issuers“) today announced the results of their previously announced cash tender offer (the “Offer“) for up to $400 million in aggregate principal amount of their outstanding U.S.$1,100,000,000 in aggregate principal amount of 5.250% Senior Guaranteed Sustainability-Linked Notes due 2029 (the “Notes“) upon the terms and conditions described in the Offer to Purchase, dated September 17, 2026 (the “Offer to Purchase“). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.
According to the information received from Global Bondholder Services Corporation, as Tender and Information Agent for the Offer, as of 5:00 p.m., New York City time, on September 23, 2026 (such date and time, the “Expiration Time“), the aggregate principal amount of the Notes that had been validly tendered and not validly withdrawn was U.S.$801,788,000, representing 72.89% of the outstanding principal amount of the Notes. The Co-Issuers will accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time on a pro rata basis based on the proration procedures described in the Offer to Purchase. As a result, the proration factor applicable to the Notes is approximately 50%.
Subject to the terms and conditions of the Offer, holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to the Expiration Time are eligible to receive $992.50 for each $1,000 principal amount of Notes accepted for purchase, together with accrued but unpaid interest. Payment for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase is expected to be made on or around October 1, 2026.
Withdrawal rights with respect to the Offer expired at the Expiration Time. Accordingly, Notes tendered in connection with the Offer may no longer be withdrawn, except if required by applicable law.
The Offer is subject to the satisfaction or waiver of certain conditions as described in the Offer to Purchase, including the successful completion of the Co-Issuers’ concurrent offering of New Notes, in each case as described in more detail in the Offer to Purchase.
The Co-Issuers retained BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC to serve as the Dealer Managers for the Offer. Questions regarding the Offer may be directed to BofA Securities Inc. at +1 (888) 292 0070, Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect) and J.P. Morgan Securities LLC at (866) 846-2874 (toll-free) or (212) 834-7279 (collect). You may also contact your custodian bank, broker, dealer, trust company, or other nominee for assistance.
The complete terms and conditions of the Offer are described in the Offer to Purchase, copies of which may be obtained by contacting Global Bondholder Services Corporation, as Tender and Information Agent, at (855) 654-2014 (toll free), (212) 430-3774 (banks and brokers call) or by email at contact@gbsc-usa.com or online at https://gbsc-usa.com/cbc/.
None of the Co-Issuers, the Dealer Managers, the Tender and Information Agent or the Trustee made any recommendation as to whether holders should tender their Notes in connection with the Offer and no one has been authorized by any of them to make such recommendation.
This press release is for informational purposes only and is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this press release or otherwise.
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Offer. Actual results may differ materially from those reflected in the forward-looking statements. The Co-Issuers undertake no obligation to release publicly the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof.
About The Central America Bottling Corporation
The Central America Bottling Corporation produces, distributes and markets beverage products that include brands owned by PepsiCo and Ambev, and its proprietary brands, including its wellness brand Beliv.
Contact: investors@cbc.co
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