Yesterday, Alsea, S.A.B. de C.V., (ticker “ALSEA”), conducted a Primary Public Subscription and Payment Offer of 150´819,671 Single Series, Class I Registered Common Shares, which represent 18% of the outstanding shares of its capital stock on the Mexican Stock Exchange ("BMV").
48% of Alsea, S.A.B. de C.V.'s Global Primary Public Share Offer was placed throug the Mexican Stock Market ("BMV") and 52% on the international markets in accordance with Rule 144A and Regulation S.
72´419,671 shares were offered in Mexico, considering the option of over-allotment, for an amount of $3,313´199,948.25 pesos; whereas on the international markets, 78´400,000 shares were issued, equivalent to an amount of $3,586´800,000 pesos. In total, “ALSEA’s” Global Primary Public Share Offering raised up to 150´819,671 shares.
The placement price per share was $45.75 pesos, giving a total amount of the Global Offer of $6,899´999,948.25 pesos.
Alsea, S.A.B. de C.V.'s offer was distributed among 9,376 investors, including 4 pension funds (Afores).
The Lead Financial Intermediaries in Mexico were HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC, Acciones y Valores Banamex, S.A. de C.V., Casa de Bolsa, a member of Grupo Financiero Banamex and Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer.
Alsea´s price per share was $46.50 pesos at the end of the day, It means an advance of $0.75 pesos (+1.64%) compared to the placement price. Alsea’s operation was very significant, since it represented 19.55% of the total volume traded in today's session.
Alsea intends to use the net funds obtained from the Global Offer for the pre-payment of a bridge loan for an amount of $5,200 million granted by HSBC México, S.A. de C.V., Institución de Banca Múltiple, Grupo Financiero HSBC; Banco Nacional de México, S.A. de C.V., a member of Grupo Financiero Banamex and BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer. The entire loan amount was allocated to fund a part of the acquisition of the VIPS restaurant chain.
Alsea with the foregoing concludes its corporate restructure resulting from the acquisition of VIPS and will have a more solid capital structure and a better debt maturity profile, allowing the implementation of an organic expansion plan and able to meet future debt maturities.