Mexico-based industrial product provider Orbia Advance Corporation has announced the pricing of its 2030 and 2035 senior notes.
The international offering was made outside of Mexico, and is expected to generate US$1.1 billion. Orbia intends to primarily use proceeds to pay for the 1.875% senior notes due 2026. Remaining profits may go towards repaying the 4.000% notes due in 2027, alongside general corporate obligations.
The 2030 notes have a coupon of 6.8%, and the 2035 notes 7.5%.
Orbia reported US$7.5 billion in revenue in 2024, up 0.5% year-on-year.
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