New York, Miami, Madrid, Singapore – 8 October 2026 – Hogan Lovells Cadwalader advised The Central America Bottling Corporation (“CBC”), CBC Bottling Holdco, S.L.U. (“CBC Bottling”) and Beliv Holdco, S.L.U. (“Beliv”), as co-issuers (CBC, CBC Bottling and Beliv, collectively, the “Co-Issuers”) in connection with an offering pursuant to Rule 144A and Regulation S of US$875 million aggregate principal amount of the Co-Issuers’ 6.950% Senior Guaranteed Notes due 2036 and a successful concurrent cash tender offer for US$400 million of the Co-Issuers’ outstanding 5.250% Senior Guaranteed Sustainability-Linked Notes due 2029.
By executing a benchmark-sized bond offering alongside a successful cash tender offer, the Co-Issuers were able to refinance existing debt, extend their maturity profile and enhance their financial flexibility all at once.
“We were pleased to have advised CBC on this strategically important transaction, which strengthened the Co-Issuers’ debt profile and enhanced their financial flexibility. The transactions required coordinated execution across multiple jurisdictions and highlighted Hogan Lovells Cadwalader’s integrated international capital markets and finance capabilities,” said partner Ben Garcia, who led the Hogan Lovells Cadwalader team.
The matter was led by a Corporate & Finance team of partner Ben Garcia (New York and Miami), counsel Meredith Hines (New York), and associate Mae Espinosa (Miami), with support from partners Jorge Diaz-Silveira (Miami), Scott Lilienthal (Tax, New York), José Luis Vazquez (Madrid), Juan Garicano (Tax, Madrid), Phill Hall (Singapore), counsel Carlos Meijide (Madrid), senior associates Laura Wouters (Madrid), Alexis Panizo (Tax, Madrid) and associates Mercedes Ochoa (Madrid), Pedro Martinez (Miami) and Rosen Chen (Singapore).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
