GRUPO FINANCIERO BANORTE ANNOUNCES THE TOTAL PAYMENT OF THE USD $800 MILLION DOLLARS SYNDICATED LOAN.
August 30 2013 - 5:43PM
OTC Markets
Regarding the use of proceeds from the Global
Public Offering carried out in July 2013, through which 447'371,781
common shares of Grupo Financiero Banorte, S.A.B. de C.V.
("GFNORTE") (BMV: GFNORTEO) were sold for an amount equivalent to
approximately USD $2.500 billion dollars, GFNORTE informs that on
July 26th it amortized the syndicated loan granted by 4 financial
institutions without any guarantee by the Financial Group or any of
its subsidiaries and which was contracted in February 2013 with a
term of 364 days for a total amount of USD $800 million
dollars.
This payment is consistent with the
information provided to the investment public during the equity
offering carried out by GFNORTE, as well as with the content of the
transaction documents.
GFNORTE reiterates to the
investment public that it expects to continue adopting the best
international corporate practices regarding Corporate Governance
and information disclosure. The Financial Group expects to maintain
its strategic and expansion plans to consolidate a leading
institution in Mexico; in this sense, we will timely inform the
investment community regarding the strategy execution and evolution
of our operations. The Investor Relations Department is available
for any inquiry or comment regarding this material event
at: investor@banorte.com or at the number (55) 52.68.16.80.
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