UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
Commision File Number 005-81586
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE
C.V.
(Exact name of Registrant as specified in its charter)
Mexican Economic Development, Inc.
(Translation of Registrant’s name into English)
General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México
(Address of principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
This report on Form 6-K shall be deemed to be incorporated by reference
into the Offer to Purchase, dated October 31, 2023, relating to the previously announced cash tender offer by Fomento Económico
Mexicano, S.A.B. de C.V. (FEMSA).
CONTENTS
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the
registrant has duly caused this report to be signed
on its behalf of the
undersigned, thereunto duly authorized.
|
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. |
|
|
|
By: /s/ Eugenio Garza y Garza |
|
Eugenio Garza y Garza |
|
Director of Finance and Corporate Development |
Date: November 9, 2023
Exhibit 99.1
FEMSA ANNOUNCES FINAL RESULTS OF
ITS PREVIOUSLY ANNOUNCED TENDER OFFER
FOR ITS OUTSTANDING NOTES DUE 2043
November 9, 2023
MONTERREY, MEXICO - FOMENTO ECONÓMICO MEXICANO, S.A.B. DE
C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) today announced the final results of its previously announced
offer (the “Tender Offer”) to purchase for cash any and all of its outstanding US$552,830,000 principal amount of 4.375%
Senior Notes due 2043 (CUSIP/ISIN: 344419 AB2 / US344419AB20) (the “Securities”) on the terms and subject to the conditions
set forth in the offer to purchase, dated October 31, 2023 (the “Offer to Purchase”) and the related notice of guaranteed
delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).
The Tender Offer expired on November 6, 2023, at 5:00 p.m. (New York
City time) (the “Expiration Date”) and settled on November 9, 2023 (the “Settlement Date”). No Notice
of Guaranteed Delivery was received by FEMSA prior to the Expiration Date.
All conditions described in the Offer to Purchase that were to be satisfied
or waived were satisfied on or prior to the Settlement Date and FEMSA accepted for purchase all Securities tendered (and not validly withdrawn)
on or prior to the Expiration Date.
The table below sets forth the aggregate principal amount of the Securities
validly tendered, and not validly withdrawn, in the Tender Offer, and the aggregate consideration paid for the Securities accepted for
purchase in the Tender Offer.
Notes | |
| CUSIP/ISIN | | |
| Principal Amount
Outstanding(1) | | |
| Offer
Consideration(2) | | |
| Principal Amount Tendered and
Accepted for Purchase | |
4.375% Senior Notes due 2043 | |
| 344419 AB2 / US344419AB20 | | |
US$ | 552,830,000 | | |
US$ | 900.21 | | |
US$ | 126,799,000 | |
| (1) | Immediately prior to the commencement of
the Tender Offer. |
| (2) | Per US$1,000 principal amount of the Securities.
Holders whose Securities were accepted for purchase also received the accrued and unpaid
interest on such Securities (the “Accrued Interest”) from, and including,
the last interest payment date for the Securities to, but not including, the Settlement Date,
and additional amounts in respect of withholding taxes applicable to the Accrued Interest
(including gains derived from the sale of the Securities in the Tender Offer that are treated
as interest) (the “Additional Amounts”), if any. |
The aggregate amount paid by FEMSA to Holders whose Securities were
accepted for purchase, including Accrued Interest and Additional Amounts, was approximately US$117 million.
FEMSA retained BofA Securities, Inc. to act as dealer manager in connection
with the Tender Offer (the “Dealer Manager”). Global Bondholder Services Corporation acted as the tender agent and
information agent for the Tender Offer.
Any questions or requests for assistance regarding the Tender Offer
may be directed to the Dealer Manager at (888) 292-0070 (toll-free) or (646) 855-8988 (collect). Requests for additional copies of the
Offer Documents may be directed to Global Bondholder Services Corporation at +1 (855) 654-2014 (toll-free) or +1 (212) 430-3774 (collect).
The Offer Documents can be accessed at the following link: https://www.gbsc-usa.com/femsa/.
* * *
This press release is for informational purposes only. This press release
shall not constitute an offer to purchase or the solicitation of an offer to sell any securities, nor shall there be any offer, solicitation
or sale of any securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.
The Tender Offer was made solely pursuant to the Offer Documents. The
Offer Documents have not been filed with, and have not been approved or reviewed by any federal or state securities commission or regulatory
authority of any country. No authority has passed upon the accuracy or adequacy of the Offer Documents or any other documents related
to the Tender Offer, and it is unlawful and may be a criminal offense to make any representation to the contrary. The Tender Offer was
not made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer
to be made by a licensed broker or dealer, the Tender Offer was deemed to have been made on behalf of FEMSA by the Dealer Manager or one
or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
FEMSA Forward Announcement
The Tender Offer described above forms an integral part of the series
of strategic initiatives announced by FEMSA on February 15, 2023, as a result of a thorough strategic review of its business platform,
including the bottom-up definition of long-range plans for each business unit, as well as the top-down analysis of FEMSA’s corporate
and capital structure. That announcement is available at: https://www.globenewswire.com/news release/2023/02/15/2609255/0/en/FEMSA-Forward-Announcing-results-of-strategic-review.html.
That announcement does not form part of this communication.
About FEMSA
FEMSA is a company that creates economic and social value through companies
and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail
industry through a Proximity Americas Division operating, among others, OXXO, a small-format store chain, and other related retail formats,
and Proximity Europe which includes Valora, its European retail unit which operates convenience and foodvenience formats. In the retail
industry, it also participates through a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes
Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola
FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. FEMSA also participates in the logistics and distribution
industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic solutions to its business
units and third-party clients. Across its business units, FEMSA has more than 350,000 employees in 18 countries. FEMSA is a member of
the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index:
S&P/BMV Total México ESG, among other indexes that evaluate its sustainability performance.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking
statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. No
assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions.
FEMSA undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or
future events or for any other reason.
Fomento Economico Mexica... (NYSE:FMX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Fomento Economico Mexica... (NYSE:FMX)
Historical Stock Chart
From Oct 2023 to Oct 2024