BBVA CIB structures syndicated loan for Mill Point Capital’s acquisition of FEMSA’s refrigeration business

BBVA Corporate & Investment Banking (CIB) successfully structured and closed a syndicated loan to finance the acquisition of FEMSA's Refrigeration and Food Services segment by Mill Point Capital, a U.S.-based private equity firm.

Mill Point Capital is a private equity firm that invests in industrial, business services and information technology companies in North America. The firm specializes in partnering with established companies to drive operational improvements and strategic growth, leveraging its industry expertise and capital resources.

FEMSA is a leading producer and distributor of beverages through Coca-Cola FEMSA, the world's largest public bottler by sales volume. It also operates in the retail sector through FEMSA Comercio, which includes convenience stores, pharmacies and service stations. FEMSA is committed to creating economic and social value in the communities where it operates.

The structured financing arranged by BBVA consisted of a long-term acquisition facility divided into a Mexican peso (MXN) tranche of MXN 3.9 billion and a US dollar (USD) tranche of USD 64.4 million, both with a 5-year tenor. Additionally, a revolving working capital facility in MXN amounting to MXN 400 million was structured with a 3-year maturity.

BBVA acted as Global Coordinator, Joint Bookrunner, Structuring Agent and Administrative Agent, securing 100% of the proceeds through full underwriting and achieving a successful syndication.

This transaction reflects BBVA's commitment to supporting the growth and expansion of leading companies in their industries by providing efficient access to capital markets and comprehensive financial solutions. We are grateful for the trust placed in us by Mill Point Capital and FEMSA in this significant transaction.