Fitch Ratings evaluated the ratings offered by Bimbo Bakeries USA, Inc., on Thursday, January 4, 2024. (BBU) reopening “BBB+”.

The “BBB+” reopening is one of BBU's 2023 reference size 2023 unsecured senior unsecured notes maturing in 2029. The tickets will be guaranteed irrevocably and unconditionally by Grupo Bimbo, the parent company of BBU, SAB de CV "serif"> (Bimbo, BBB+/Stable) and the company's subsidiaries & Mother Bimbo, SA de CV and Barcel, SA de CV. The net proceeds will be used to repay the debt of the issuer and the parent company, including a portion of the syndicated revolving credit facility and the repurchase of the parent company's outstanding senior USD bonds maturing in 2024