Mexico's Bimbo prepays $135 million in debt

MEXICO CITY, June 29 (Reuters) - Mexican bread maker Bimbo said on Monday it prepaid $135 million of a loan taken out to help fund its acquisition in January of the U.S. baking arm of Canada's George Weston Ltd (WN.TO).

Bimbo (BIMBOA.MX) said it used the proceeds of a recent $748 million offering of peso-denominated debt on the Mexican market to repay the debt, which was due in 2012.

Analysts have said Bimbo's acquisition of the U.S. baking assets would benefit Bimbo by broadening its geographic scope, but also raised concerns about the debt the company was taking on due to the difficult conditions in global financial markets at the time.

On June 17, Bimbo said it prepaid $600 million of its debt. (Reporting by Noel Randewich; editing by Andre Grenon)