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FEMSA ANNOUNCES EARLY TENDER RESULTS AND ACCEPTANCE OF NOTES FOR ITS PREVIOUSLY ANNOUNCED TENDER OFF

Updated: Mar 4, 2023

03 MARCH 2023


Full announcement available via Euronext.


MONTERREY, MEXICO - FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) (“FEMSA”) today announced the early tender results and acceptance for its previously announced offers to purchase for cash FEMSA’s notes of the series set forth in the table below (all such notes, the “Notes” and each such series, a “series” of Notes), for an aggregate purchase price, excluding accrued and unpaid interest and additional amounts, if any (the “Aggregate Purchase Price”), of up to US$2.0 billion (the “Tender Cap”), from registered holders of the Notes (each a “Holder” and, collectively, the “Holders”). We refer to our offer to purchase each series of Notes as an

“Offer” and collectively as the “Offers.” The Offers are being made pursuant to the terms and subject to the conditions set forth in the amended and restated offer to purchase dated February 17, 2023 (as amended or supplemented from time to time, the “Offer to Purchase”).


The following table summarizes the early tender results for the Offers as of 2:00 a.m., New York City time today, March 3, 2023 (the “Early Tender Time”):

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"FEMSA has accepted for purchase all Notes validly tendered (and not validly withdrawn) in the Offers on or prior to the Early Tender Time. Holders who validly tendered (and not validly withdrew) their Notes on or prior to the Early Tender Time and whose Notes have been accepted for purchase are entitled to receive the applicable total consideration set forth in the table above (the “Total Consideration”), which includes the Early Tender Premium, plus accrued and unpaid interest on the accepted Notes from and including the last interest payment date to, but not including, the Initial Settlement Date (as defined below) and additional amounts thereon, if any.


FEMSA has decided to amend the terms of the Offers as follows: Holders who validly tender (and not validly withdraw) their Notes after the Early Tender Time but on or prior to the Expiration Time (as defined below) and whose Notes are accepted for purchase (the date of such purchase, the “Final Settlement Date”) will, subject to the terms and conditions of the Offers as provided in the Offer to Purchase, be entitled to receive the applicable Total Consideration, which includes the applicable Early Tender Premium, plus accrued and unpaid interest on the accepted Notes from and including the last interest payment date to, but not including, the Final Settlement Date, and additional amounts thereon, if any.


Notes tendered on or prior to the Early Tender Time, which have been accepted for purchase on the Initial Settlement Date will have priority over Notes tendered after the Early Tender Time. If the Offers are oversubscribed at the Expiration Time, then only a portion of Notes tendered after the Early Tender Time may be accepted for purchase pursuant to the proration procedures described in the Offer to Purchase.


The total cash payment to purchase the accepted Notes on the Initial Settlement Date will be approximately US$1,389.4 million, excluding accrued and unpaid interest to but not including the Initial Settlement Date and additional amounts thereon (based on the U.S. dollar exchange rate described herein)."

 

FEMSA ANNOUNCES THE TOTAL CONSIDERATION FOR ITS PREVIOUSLY

ANNOUNCED TENDER OFFERS


02 MARCH 2023


Full announcement available via Euronext.


MONTERREY, MEXICO – FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) (“FEMSA”) today announced the total consideration for its previously announced offers to purchase for cash FEMSA’s notes of the series set forth in the table below (all such notes, the “Notes” and each such series, a “series” of Notes), for an aggregate purchase price, excluding accrued interest and additional amounts, if any (the “Aggregate Purchase Price”), of up to US$2.0 billion (the “Tender Cap”), subject to the acceptance priority procedures and proration described in the Offer to Purchase (as defined below) from registered holders of the Notes (each a “Holder” and, collectively, the “Holders”). We refer to our offer to purchase each series of Notes as an “Offer” and collectively as the “Offers.” The Offers are being made pursuant to the terms and subject to the conditions set forth in the amended and restated offer to purchase dated February 17, 2023 (as amended or supplemented from time to time, the “Offer to Purchase”).


The following table sets forth certain information about the Offers, including the total consideration (the “Total Consideration”) payable for the Notes validly tendered (and not validly withdrawn) on or prior to 2:00 a.m., New York City time, on March 3, 2023 (such time and date, as the same may be extended with respect to an Offer, the “Early Tender Time”), in each case as calculated at 11:00 a.m., New York City time, today, March 2, 2023, and that are validly accepted for purchase by FEMSA.



 

17 FEBRUARY 2023


Full announcement available via Euronext.


"MONTERREY, MEXICO, February 17, 2023 – FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has amended and restated the offer to purchase dated February 16, 2023 (the “Original Offer to Purchase”) in connection with its previously announced offers to purchase for cash (the “Offers”) FEMSA’s notes of the series set forth in the table below (all such notes, the “Notes” and each such series, a “series” of Notes), for an aggregate purchase price, excluding accrued interest and additional amounts, if any of up to US$2.0 billion, in order to correct a typographical error in the fixed spread and hypothetical total consideration for each of the 0.500% Senior Notes due 2028 and the 1.000% Senior Notes due 2033. The table below reflects the correct fixed spread and hypothetical total consideration for each of the 0.500% Senior Notes due 2028 and the 1.000% Senior Notes due 2033."



...


"Except as described in this press release, all other terms of the Offers as described in the Original Offer to Purchase

remain unchanged. FEMSA has prepared an amended and restated offer to purchase, dated February 17, 2023 (as

may be amended or supplemented from time to time, the “Offer to Purchase”) that reflects the changes described in

this press release."

 

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has commenced offers to purchase for cash (the “Offers” and, individually, an “Offer”) FEMSA’s notes


16 FEBRUARY 2023


Full announcement available via Euronext.


MONTERREY, MEXICO – FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has commenced offers to purchase for cash (the “Offers” and, individually, an “Offer”) FEMSA’s notes of the series set forth in the table below (all such notes, the “Notes” and each such series, a “series” of Notes), for an aggregate purchase price, excluding Accrued Interest (as defined below) and Additional Amounts (as defined below), if any (the “Aggregate Purchase Price”), of up to US$2.0 billion (the “Tender Cap”), subject to the acceptance priority procedures and proration described herein from each registered holder of the Notes (each a “Holder” and, collectively, the “Holders”).

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