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July 04, 2015 6:50 AM ET

Household Durables

Company Overview of Controladora Mabe, S.A. de C.V.

Company Overview

Controladora Mabe, S.A. de C.V. designs, manufactures, and distributes refrigerators, stoves, washing machines, and supplementary products for homes worldwide. The company also offers complementary products, such as kitchen hoods, microwave ovens, air conditioned systems, wine cellars, and water dispatchers. In addition, it exports dryers and dishwashers to the United States. Controladora Mabe, S.A. de C.V. has strategic alliances with GE and Fagor. The company was founded in 1946 and is headquartered in Mexico City, Mexico.

Palmas 100 - PB

Lomas de Chapultepec

Deleg. Miguel Hidalgo

Mexico City, DF 11000

Mexico

Founded in 1946

Phone:

52 9 178 8100

Fax:

52 5 628 8100

Key Executives for Controladora Mabe, S.A. de C.V.

Chairman, Chief Executive Officer, and President
Chief Financial Officer
General Manager of Public Relations
Compensation as of Fiscal Year 2015.

Controladora Mabe, S.A. de C.V. Key Developments

Mabe Presents at Bank of America Merrill Lynch 2015 Emerging Markets Corporate Conference, May-27-2015

Mabe Presents at Bank of America Merrill Lynch 2015 Emerging Markets Corporate Conference, May-27-2015 . Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, Florida, United States.

Controladora Mabe, S.A. de C.V. Announces Commencement of Consent Solicitation

Controladora Mabe, S.A. de C.V. announced that it has commenced a solicitation of consents upon the terms and subject to the conditions set out in a consent solicitation Statement and the accompanying form of consent, each dated as of October 27, 2014, to the proposed amendment to the indenture, dated as of October 28, 2009 among the company, the note guarantors party thereto, as guarantors, The Bank of New York Mellon, as trustee, registrar, paying agent and transfer agent, and The Bank of New York Mellon Luxembourg S.A., as Luxembourg paying agent, governing its 7.875% senior guaranteed notes due 2019. The proposed amendment would amend the indenture in connection with the consummation of the purchase by AB Electrolux of General Electric Company’s Major Appliances Division. The acquisition would constitute a change of control under the Indenture, requiring the company to make an offer to repurchase all or any part of each holder's notes at a purchase price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, on the applicable notes repurchased, to, but not including, the date of such repurchase. The company is therefore seeking consents from the holders of the notes to amend the definition of change of control in the indenture so that the acquisition does not constitute a change of control there under. The company has been informed by General Electric Company that the acquisition is expected to be consummated in 2015, subject to the satisfaction of certain closing conditions. The proposed amendment will be effected by a supplemental indenture to the indenture that is described in more detail in the statement.

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