Mexico's Gruma Lines Up $125 Million Refinancing as Tortilla Sales Stall

Mexico · Business

Key Facts

—Stagnant Performance Consolidated net sales rose only 1 percent in Q3 2025, signaling a flattening of revenue growth for the world’s largest tortilla maker.

—U.S. Foodservice Weakness Volume declines in the U.S. foodservice channel have been a persistent drag on Gruma’s overall sales, offsetting retail gains.

—$125 Million Refinancing The new five-year credit facility with Bank of Nova Scotia aims to improve the company’s debt maturity profile without adding new net debt.