José de Jesús Valdez
Alpek CEO
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Monterrey, Mexico. November 20, 2012 – Alpek, S.A.B. de C.V. (“Alpek”) announced today that it has successfully issued U.S. $650 million aggregate principal amount of 4.5% Senior Notes due 2022. Alpek Intends to use the net proceeds from the issuance primarily to prepay outstanding debt and for general corporate purposes.
The notes received 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: “This is yet another important milestone for our Company. Besides extending our average debt maturity to approximately seven years and obtaining a 4.5% coupon rate, this issuance marks the first time that Alpek seeks financing from international debt markets. We were also pleased to see the solid fundamentals of our business model reflected in the investment grade rating.”
This press release is not an offer of notes for sale in Mexico or in the United States. The notes may not be offered or sold (i) in Mexico absent authorization by the CNBV in accordance with the Ley del Mercado de Valores (Mexican Securities Market Law) and all applicable regulations and the due registration of the notes in the National Registry of Securities maintained by the CNBV; or (ii) in the United States absent registration under the Securities Act of 1933, as amended, or an exemption from registration therefrom. Any public offering of securities in Mexico or in the United States must be made by means of a prospectus containing detailed information about the terms of the offering, the issuer and matters relating to its financial, administrative, and legal condition, as well as financial statements.
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