Alsea Announces the Successful Closing of US$500 Million Senior Notes Due 2026 in the International Markets, as well as the Amendment and Prepayment of certain Debt Facilities


Mexico City, December 14th, 2021 – Alsea, S.A.B. de C.V. (BMV: ALSEA*) “Alsea”, the leading operator of quick service restaurants, coffee shops, casual and family dining establishments in Latin America and Europe, announces that on Monday, December 13th, the settlement and closing of its US$500 million (five hundred million US dollars) Senior Notes due 2026, at an 7.750% coupon per annum payable on a semi-annual basis (the “Senior Notes 2026”).

The Senior Notes 2026 have a 2-year call date (December 14, 2023). The Senior Notes 2026 issuance was performed pursuant to Rule 144A and Regulation S of the U.S. Securities Act. The net proceeds of the transaction were used to consummate a debt refinancing transaction that consists on the repayment of certain indebtedness of the issuer and its subsidiaries, and to pay fees and expenses incurred in connection with the offering of the notes and the debt refinancing transaction. As a result of the application of proceeds, certain debt facilities were amended to allow Alsea to capitalize on its upward recovery trend.

This transaction will allow Alsea to improve its maturity profile, rebalance its debt portfolio, as well as broaden its current investor base. The Senior Notes 2026 have been rated “B1” and “BB-” on global scale by Moody’s Investor Services, Inc. and Fitch Ratings, respectively, and are secured by various subsidiaries of Alsea. Through this placement Alsea has demonstrated its capacity to tap into the
international capital markets and the confidence of its lenders.

BBVA, BofA Securities (B&D), Santander, and Scotiabank acted as active joint book-runners, and BCP Securities, MUFG, Rabobank, and SMBC acted as passive joint -bookrunners. DLA Piper acted as counsel for Alsea in Mexico. Garrigues acted as counsel for Alsea in Spain. Skadden, Arps, Slate, Meagher & Flom acted as counsel for the bookrunners and lenders in New York.


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Investor Relations Contact Details

Salvador Villaseñor

+52 (55) 7583-2000

Forward-Looking Statements
This press release contains certain forward-looking information regarding the Company’s results and outlook. However, actual results may vary materially from these estimates. Information on future events contained in this release should be read jointly with the risk summary in the Annual Report. This information, as well as future reports made by the Company or any of its representatives, whether verbally or in writing, may vary significantly from actual results. These projections and estimates, which are prepared in reference to a determined date, should not be taken as fact. The Company is in no way liable for updating or revising any of these projections and estimates, whether as a result of new information, future events or other associated events.
About Alsea
Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop, fast casual, casual and family dining segments. It has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s, P.F. Chang’s, Italianni’s, The Cheesecake Factory, Vips, Vips Smart, El Portón, Archies, Foster’s Hollywood, Gino’s, TGI Fridays, Ole Mole and Corazón de Barro. The company operates more than 4,000 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg and Uruguay. Alsea’s business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain. For more information please visit:

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