What was the reported debt for Bimbo Foods Bakeries Distribution as of December 31, 2024?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
ries. As of December 31, 2024, 2023 and 2022, the value of such letters of credit is $2,471, $3,822 and $4,515, respectively. Furthermore, the value of these surety bonds as of December 31, 2024, amounts to $1,979.
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- As of September 2019, the Company acts as guarantor in voluntary payment program in North America between the suppliers and Bank of America, under which the suppliers discount their invoices. As of December 31, 2024, 2023 and 2022, the balance of $1,924, $1,826 and $2,813, respectively, under this program is presented as part of trade payables. This program does not modify the original credit terms with suppliers.
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- The Company has created a trust that allows suppliers of its subsidiaries in Mexico to obtain financing through a factoring program operated by Nacional Financiera, S.N.C. (Nafinsa).
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, as of December 31, 2024, Grupo Bimbo, S.A.B. de C.V. and some of its subsidiaries have issued letters of credit to guarantee certain obligations. The value of these letters of credit is reported as $2,471. Additionally, the value of surety bonds as of the same date amounts to $1,979.
Furthermore, Bimbo Foods Bakeries Distribution participates in a voluntary payment program in North America, where suppliers discount their invoices through Bank of America. As of December 31, 2024, the balance under this program is $1,924, which is presented as part of trade payables. This program does not change the original credit terms with suppliers.
Additionally, Bimbo Foods Bakeries Distribution has a trust that allows suppliers of its subsidiaries in Mexico to obtain financing through a factoring program operated by Nacional Financiera, S.N.C. (Nafinsa). The liability payable to Nafinsa under this program totals $2,075 as of December 31, 2024. The company also has a factoring contract with Banco Santander México, S.A., for the discount of invoices of the suppliers of its subsidiaries in Mexico, with a liability of $62 as of December 31, 2024.