CHILE: Coca-Cola Embonor prepays portion of debt
Coca-Cola Embonor has made a prepayment on its current loan with an international bank.
The Chilean soft drink bottler said yesterday (21 August) that it has made a US$50m capital prepayment on a $180m syndicated loan.
The loan was taken in December 2004 with Rabobank International and BCI Asesorias Financieras, Embonor said in a filing with the local securities regulator.
Embonor, which bottles Coca-Cola Co. products in Chile and Bolivia, recently issued a set of local bonds. In a filing last week on the Santiago stock exchange, the bottler issued bonds worth US$54.2m. The company reportedly gave the bonds a yield of 4.13% for the next ten years.
Coca-Cola Embonor has also posted results consolidated to the 30 June, registering utilities by US$11.8bn, showing a growth of 103.2% compared to the same period of the previous year. The company said that an important factor in this growth in Chile and Bolivia was the launch of the Coca-Cola Zero brand into both markets.
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The Coca-Cola Co. has acquired a stake in the tea and organic beverage company Honest Tea in the US....
Coca-Cola North America has introduced two additions to its Minute Maid Enhanced Juices line in the US....
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