MEXICO CITY, May 01, 2025--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. ("Orbia") (BMV: ORBIA*), announces that it has priced the offering (the "International Offering") of its 6.8% and 7.5% Senior Notes due 2030 and 2035, respectively (collectively, the "Notes"), in the United States to qualified institutional buyers ("QIBs") in compliance with Rule 144A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and to persons other than U.S. persons outside the United States in compliance with Regulation S. Orbia expects that the proceeds from the sale of the Notes will be approximately US$1,100,000,000. The proceeds of the Notes are expected to be used to pay the purchase price of the 1.875% Senior Notes due 2026 in connection with the tender offer carried out pursuant to the offer to purchase dated April 25, 2025 (as amended by the press release dated April 29th, 2025), and any remaining funds will be used for general corporate purposes and the refinancing or repayment of its indebtedness, including the possible repayment of a portion or all of the outstanding 4.000% senior notes due 2027.
The International Offering was made outside of Mexico exclusively under the terms and conditions set forth therein. This relevant event does not constitute a public offer to purchase or a solicitation of an offer to sell or purchase any securities of Orbia or its affiliates. This relevant event is not exhaustive of the terms and conditions of the International Offering. Orbia made no recommendation regarding the International Offering. Neither the International Offering nor any documents related thereto have been filed with, or have been approved or reviewed by, any securities commission, including the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores), or any federal or state regulatory authority in any country. No authority has determined the accuracy or adequacy of the International Offering or any related documents, and it is illegal and may constitute a crime to make any statement to the contrary. The Notes have not been and will not be registered with the National Securities Registry (Registro Nacional de Valores) maintained by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) and may not be publicly offered in Mexico. Prospective investors were advised to carefully read the offering memorandum or any related documents before making a decision regarding the International Offering.
Furthermore, this relevant event and the information contained herein are not an offer of securities for sale in the United States and may not be viewed by persons within the United States or transmitted to U.S. persons within the meaning of Regulation S under the Securities Act, except to QIBs. The Notes will be offered only to QIBs in accordance with Rule 144 A under the Securities Act and to persons outside the United States in compliance with Regulation S. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or in a transaction that is not subject to the registration requirements of the Securities Act or any state securities laws.
About Orbia
Orbia Advance Corporation, S.A.B. de C.V. and subsidiaries (the Company or Orbia) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (Koura) operating segments. The five Orbia business groups have a collective focus on expanding access to health and well-being, reinventing the future of cities and homes, ensuring food, water and sanitation security, connecting communities to information and enabling the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 23,000 employees, commercial activities in more than 100 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. The company generated $7.5 billion in revenue in 2024. Learn more at Orbia.com.
Prospective Information
In addition to historical information, this press release contains "forward-looking" statements that reflect management's expectations for the future. The words "anticipate," "believe," "expect," "hope," "have the intention of," "might," "plan," "should" and similar expressions generally indicate comments on expectations. The forward-looking statements included in this press release are subject to a number of material risks and uncertainties, and our results may be materially different from current expectations due to factors, which include, but are not limited to, global and local changes in politics, economic factors, business, competition, market and regulatory factors, cyclical trends in relevant sectors as well as other factors affecting our operations, markets, products, services and prices that are highlighted under the title "Risk Factors" in the annual report submitted by Orbia to the Mexican National Banking and Securities Commission (CNBV) and available on our website at https://www.orbia.com/investor-relations/financials/. The forward-looking statements included herein represent Orbia’s views as of the date of this press release. Orbia undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law."
