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Fomento Economico Mexicano, S.A.B. de C.V. - Tender Offer - Launch

FEMSA ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ITS OUTSTANDING NOTES DUE 2043 US344419AB20

31 OCTOBER 2023


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: Fomento Economico Mexicano, S.A.B. de C.V.


"MONTERREY, Mexico, Oct. 31, 2023 /PRNewswire/ -- FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces that it has commenced an offer (the "Tender Offer") to purchase for cash any and all of its outstanding US$552,830,000 principal amount of 4.375% Senior Notes due 2043 (CUSIP/ISIN: 344419 AB2 / US344419AB20) (the "Securities") on the terms and subject to the conditions set forth in the offer to purchase, dated October 31, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").


The following table sets forth the Securities subject to the Tender Offer:


(1) The consideration payable per each US$1,000 principal amount of Securities validly tendered (and not validly withdrawn) and accepted for purchase will be calculated in accordance with the formula set forth in Schedule I to the Offer to Purchase, based on the fixed spread specified in the table above (the "Fixed Spread"), plus the yield of the reference security set forth in the table above in the column under the heading "Reference Security" (the "Reference Security") as determined from the Bloomberg Reference Page specified in the table above as of 11:00 a.m. (New York City time), on November 6, 2023, unless extended (such date and time, as the same may be extended, the "Price Determination Date").


(2) Per US$1,000 principal amount of Securities validly tendered (and not validly withdrawn) and accepted for purchase. The hypothetical offer consideration provided in the above table is for illustrative purposes only and was calculated based on the yield of the Securities through their maturity date and has been determined as of 11:00 a.m. (New York City time), on October 30, 2023, in accordance with the formula set forth in Schedule I to the Offer to Purchase. FEMSA makes no representation with respect to the actual Offer Consideration (as defined below) payable in connection with the Tender Offer, and such amounts may be greater or less than those shown in the above table depending on the yield of the Reference Security on the Price Determination Date."


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"Purpose of Tender Offer


The purpose of the Tender Offer is to repurchase any and all Securities validly tendered (and not validly withdrawn) and accepted for purchase in the Tender Offer, which will reduce the Company’s indebtedness."


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