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San Pedro Garza Garcia, Mexico, February 19, 2019 – The leading glass producer in North America, Vitro, S.A.B. of C.V. (BMV: VITROA), hereinafter “Vitro” or the “Company”, announced today that it notified BBVA Bancomer in its capacity as Administrative Agent of the syndicated loan, its intention to pre-pay voluntarily and in advance an amount of US $ 50 million, with the aim of improving its financial structure and reducing the payment of interests. Both strategies are in line with the Company’s objective to maintain a solid financial structure for opportunities of growth that could be presented in the future.
Referring to this advance payment, Adrián Sada, CEO of Vitro said, "We are committed to continue strengthening our financial position to remain prepared for any scenario that may arise in the medium term."
About Vitro, S.A.B. de C.V.
Vitro, S.A.B. de C.V. (BMV: VITROA) is the leading glass manufacturer in Mexico and one of the world's major companies in its industry, backed by more than 100 years of experience. Founded in 1909 in Monterrey, Mexico, the Company has subsidiaries in the Americas, offering quality products and reliable services to meet the needs of two businesses: flat glass and glass containers. Companies of Vitro produce, process, distribute, and market a wide range of glass articles, which are part of the daily life of thousands of people. Vitro offers solutions for multiple markets, including architectural and automotive as well as cosmetic, pharmaceutical and toiletries. The Company is also a supplier of chemical products and raw material, machinery, molds and equipment for industrial use. As a socially responsible organization, Vitro works on several initiatives aligned to its Sustainability Model, aiming to create a positive influence in the economic, social, and environmental aspects relevant to its stakeholders, in a responsible corporate management framework. For more information, please visit: www.vitro.com.
Vitro S.A.B. de C.V.
+ (52) 81-8863-1154
MBS Value Partners
(646) 330-5907 / 452-2334