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Mexico's Bimbo renews $1.75 bln credit facility agreement

Reuters
·1 min read

MEXICO CITY, Sept 14 (Reuters) - Mexican breadmaker Grupo Bimbo said on Tuesday it had renewed its $1.75 billion revolving credit facility to 2026, with the credit line linked to sustainability.

As part of its first sustainable financing agreement, Bimbo plans to focus on energy and water, two areas which form a key part of its sustainability drive, the company said in a statement.

The transaction aligns with Bimbo's "philosophy of building a sustainable, highly productive and fully humane company", Grupo Bimbo's Chief Financial Officer Diego Gaxiola said. (Reporting by Diego Ore, writing by Drazen Jorgic; editing by Uttaresh.V)