“We continue enhancing our balance sheet through long-term financing from international debt markets. This issuance will extend Alpek’s average debt maturity to more than seven years.”
José de Jesús Valdez
Alpek CEO
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Monterrey, Mexico. August 5, 2013 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has agreed on pricing for the issuance of U.S. $300 million aggregate principal amount of 5.375% Senior Notes due 2023. Alpek intends to use the net proceeds from the issuance to prepay outstanding debt and for general corporate purposes.
The notes received an investment grade rating from Fitch (BBB-), Moody’s (Baa3) and Standard & Poor’s (BBB-), all with stable outlook.
José de Jesús Valdez, Alpek’s CEO stated: “We continue enhancing our balance sheet through long-term financing from international debt markets. This issuance will extend Alpek’s average debt maturity to more than seven years.”
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