Vitro Announces Successful Closing of US$110 million Senior Short Term Guaranteed Notes Issued by Vitro Envases Norteamerica, S.A. de C.V.

Vitro, S.A. de C.V. has announced that its subsidiary, Vitro Envases Norteamerica, S.A. de C.V., Vitro's glass containers division, successfully closed the issuance of US$110 million aggregate principal amount of Senior Short Term Guaranteed Notes.

The Notes have a 12-month maturity and a 10 percent interest rate. The net proceeds will be used to prepay the US$105 million Loan Agreement with Credit Suisse at VENA.

The market reacted very positively to the offering, which was oversubscribed by 40 percent. This oversubscription, coupled with a lower interest rate than the loan to be prepaid, demonstrates VENA's ability to access the market on more favorable terms.

"This transaction is in line with our financial strategy to lower interest rates. It also reflects VENA's strong performance and the market's recognition of a clear decoupling of VENA's risk from that of the Holding Company. In addition it is the result of Vitro's positive trend and the acknowledgment that we are delivering on our promises," said Alvaro Rodriguez, Vitro's CFO.

The arranger and dealer of the Notes was BCP Securities, LLC.

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