Document:

EXHIBIT 10.61

               SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT

     This Second Amendment to Revolving Credit Agreement (this "Amendment")
is entered into as of this 17 day of December, 2002, by and among COMERICA
BANK, a Michigan banking corporation ("Bank"), PANAMCO DE VENEZUELA, S.A.,
a corporation duly organized and validly existing under the laws of the
Bolivarian Republic of Venezuela ("Borrower"), and PANAMERICAN BEVERAGES,
INC., a corporation duly organized and validly existing under the laws of
the Republic of Panama ("Guarantor").

                                 RECITALS:

     A. On or about April 9, 2002, Bank, Borrower and Guarantor entered
into a certain Revolving Credit Agreement (as amended from time to time,
the "Credit Agreement"), and in connection therewith, Borrower executed and
delivered to Bank a certain Revolving Note dated April 9, 2002 in the
principal amount of $10,000,000 (the "Revolving Note").

     B. In connection with the Credit Agreement, Guarantor executed a
certain Guaranty dated April 9, 2002 in favor of Bank.

     C. The Bank, Borrower and Guarantor desire to amend the Credit
Agreement to increase the Consolidated Debt to Consolidated EBITDA ratio,
upon the following terms and conditions.

     NOW THEREFORE, for good and valuable consideration, the Bank, Borrower
and Guarantor agree as follows:

1. DEFINITIONS

     1.1. Capitalized terms used herein and not defined to the contrary
have the meanings given them in the Credit Agreement.

2. AMENDMENT TO CREDIT AGREEMENT

     2.1. Section 8.1(k)(ii) of the Credit Agreement is hereby amended and
restated in its entirety as follows:

          "(ii) the ratio of Consolidated Debt to Consolidated EBITDA
(calculated as of the last day of each fiscal quarter or year, as reflected
in the quarterly or annual financial statements for such fiscal quarter or
year, for the twelve-month period ending on the relevant date of
determination) exceeds (X) for the fourth (4th) quarter of Fiscal Year 2002
through and including the first (1st) quarter of Fiscal Year 2003, 2.35 to
1.00; and (Y) at all times thereafter, 2.25 to 1.00."

3. REPRESENTATIONS

     Borrower and Guarantor hereby represent and warrant that:

<PAGE>

     3.1. Execution, delivery and performance of this Amendment and any
other documents and instruments required under this Amendment are within
Borrower's and Guarantor's powers, have been duly authorized, are not in
contravention of law or the terms of Borrower's or Guarantor's articles of
incorporation/charter, or bylaws, and do not require the consent or
approval of any governmental body, agency, or authority.

     3.2. This Amendment and any other documents and instruments required
under this Amendment or the Credit Agreement, when issued and delivered
under this Amendment or the Credit Agreement, will be valid and binding in
accordance with their terms.

     3.3. To the knowledge of Borrower and Guarantor, except as previously
disclosed to Bank in writing, no default or Event of Default, or condition
or event which, with the giving of notice or the running of time, or both,
would constitute a default or an Event of Default under the Credit
Agreement, the Revolving Note or any Credit Document has occurred and is
continuing as of the date hereof.

4. MISCELLANEOUS

     4.1. This Amendment may be executed in as many counterparts as Bank,
Borrower and Guarantor deem convenient, and shall become effective upon:
(a) delivery to Bank of all executed counterparts hereof; and (b) delivery
to Bank, in form and substance satisfactory to Bank, of each of the
documents and instruments listed on the Checklist attached as Exhibit "A"
hereto.

     4.2. Borrower, Guarantor and Bank acknowledge and agree that except as
specifically amended hereby, all of the terms and conditions of the Credit
Agreement, the Credit Documents and the loan documents related thereto
remain in full force and effect in accordance with their original terms.

     4.3. Borrower shall pay all of Bank's legal costs and expenses
(including attorneys' fees and expenses) incurred in the negotiation,
preparation and closing hereof, including, without limitation, costs of all
lien searches and financing statement filings.

     4.4. Nothing set forth in this Amendment shall constitute, or be
interpreted or construed to constitute, a waiver of any right or remedy of
Bank, or of any default or Event of Default whether now existing or
hereafter arising and whether now known or hereafter discovered by or
disclosed to Bank.

     4.5. Bank expressly reserves the right to exercise any or all rights
and remedies provided under the Credit Documents and applicable law except
as modified herein. Bank's failure to immediately exercise such rights and
remedies shall not be construed as a waiver or modification of those rights
or an offer of forbearance.

     4.6. Borrower and Guarantor, in every capacity, including, but not
limited to, as shareholders, partners, officers, directors, investors
and/or creditors of borrower, or any one or more of them, hereby waive,
discharge and forever release Bank, Bank's employees, officers, directors,
attorneys, stockholders and successors and assigns, from and of any and all
claims, causes of action, defenses, counterclaims or offsets Borrower or
Guarantor may have or may

<PAGE>

have made which (in any case) could be based on facts or circumstances
known to Borrower or Guarantor as of the date of this amendment, against
any or all of Bank, Bank's employees, officers, directors, attorneys,
stockholders and successors and assigns.

     IN WITNESS WHEREOF, this Amendment has been executed as of the day
first stated above.

                                      PANAMCO DE VENEZUELA, S.A.

                                      By:
                                           /s/ Carlos Hernandez-Artigas
                                           -------------------------------------
                                           Carlos Hernandez-Artigas
                                      Its: Alternate Director

                                      PANAMERICAN BEVERAGES, INC.

                                      By:
                                           /s/ Carlos Hernandez-Artigas
                                           -------------------------------------
                                           Carlos Hernandez-Artigas
                                      Its: Legal Vice President and Secretary

                                      COMERICA BANK

                                      By:
                                           /s/ Robert J. Hurley
                                           -------------------------------------
                                           Robert J. Hurley
                                      Its: Assistant Vice President

<PAGE>

                                EXHIBIT "A"
                             CLOSING CHECKLIST
                             -----------------

                            Document No. 2375436EXECUTION COPY                                                  EXHIBIT 10.62

                    AMENDMENT NO. 1 dated as of December 19, 2002 (this
               "Amendment"), to the US$ 10,000,000.00 Guaranty dated as of
               August 19, 2002 (as may be further amended, supplemented or
               modified from time to time, the "Guaranty"), made by
               Panamerican Beverages, Inc., a Panamanian corporation (the
               "Guarantor"), in favor of Banco Santander Central Hispano,
               S.A. (the "Bank") in consideration of a US$ 10,000,000.00
               loan (the "Facility") made by the Bank to Panamco de
               Venezuela, S.A. (the "Borrower") on August 19, 2002

          A. Pursuant to the Facility, the Bank have extended credit to the
Borrower, and have agreed to extend credit to the Borrower, in each case
pursuant to the terms and subject to the conditions set forth therein.

          B. The Guarantor in order to induce the Bank to extend credit
under the Facility agreed and issued the Guaranty pursuant to the terms and
subject to the conditions set forth therein.

          C. The Guarantor have requested that, pursuant to Section 14 of
the Guaranty, the Bank agrees to amend certain provisions of the Guaranty
as provided herein.

          D. The Bank is willing so to amend the Guaranty pursuant to the
terms and subject to the conditions set forth herein.

          E. Capitalized terms used and not otherwise defined herein shall
have the meanings assigned to them in the Guaranty.

          Accordingly, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and
receipt of which are hereby acknowledged, the parties hereto agree as
follows:

          SECTION 1. Amendment. Section 10(a) of the Guaranty is hereby deleted
and replaced by the following Section 10(a):

          Covenants.  The Guarantor covenants as follows:

(a) Incorporation by Reference. The Guarantor will comply with and be bound by
the covenant provisions set forth in Section 5 of the Syndicated Facility
during the term of the Facility. The covenants under section 5 of the
Syndicated Facility,

<PAGE>

together with the related definitions, as in effect on the date hereof are
hereby incorporated herein by reference (mutandis mutandis) for the benefit of
the Bank and shall continue for the purposes of this section 10 regardless of
any amendment of, or any consent to any deviation from or other modification
of the Syndicated Facility. If there is (x) any repayment in full of the
loans, and termination of the commitments, under the Syndicated Facility, or
(y) the termination of the Syndicated Facility prior to the Maturity Date of
the Facility, then the Guarantor and the Bank shall negotiate in good faith
mutually agreeable covenants with which the Guarantor shall comply hereunder
to replace the covenants set forth in section 5 of the Syndicated Facility. As
used herein, the term "Syndicated Facility" means the U.S.$130,000,000 Second
Amended and Restated Credit Agreement entered into by the Guarantor and the
banks listed therein on October 29, 2001, as amended on November 20, 2002,
pursuant to an amendment agreement entered by and among the Guarantor and the
banks listed therein.

          SECTION 2. Representations and Warranties. The Guarantor represent
and warrant to the Bank that:

               (a) This Amendment has been duly authorized, executed and
          delivered by Guarantor and constitutes its legal, valid and
          binding obligation, enforceable in accordance with its terms
          except as such enforceability may be limited by bankruptcy,
          insolvency, reorganization, moratorium or other similar laws
          affecting creditors' rights generally and by general principles
          of equity (regardless of whether such enforceability is
          considered in a proceeding at law or in equity).

               (b) Before and after giving effect to this Amendment, the
          representations and warranties set forth in Section 9 of the
          Guaranty are true and correct in all material respects with the
          same effect as if made on the date hereof, except to the extent
          such representations and warranties expressly relate to an
          earlier date.

               (c) Before and after giving effect to this Amendment, no
          event of default or default has occurred and is continuing.

          SECTION 3. Conditions to Effectiveness. This Amendment shall
become effective when the Bank shall have received counterparts of this
Amendment that, when taken together, bear the signatures of the Guarantor
and the Bank.

          SECTION 4. Guaranty. Except as specifically amended hereby, the
Guaranty shall continue in full force and effect in accordance with the
provisions thereof as in existence on the date hereof. After the date
hereof, any reference to the Guaranty shall mean the Guaranty as amended
hereby.

                                     2

<PAGE>

          SECTION 5. Facility Document. This Amendment shall be a Facility
Document for all purposes.

          SECTION 6. Effective Time. This Amendment shall be effective as
of December 19, 2002.

          SECTION 7. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          SECTION 8. Counterparts. This Amendment may be executed in
counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this Amendment by telecopy shall be
effective as delivery of a manually executed counterpart of this Amendment.

          SECTION 9. Expenses. The Guarantor agrees to reimburse the Bank
for its out-of-pocket expenses in connection with this Amendment.

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be duly executed by their respective authorized officers as of the day
and year first written above.

                                      PANAMERICAN BEVERAGES, INC.
                                      As the Guarantor

                                        by
                                          /s/ Carlos Hernandez-Artigas
                                          -------------------------------------
                                          Name: Carlos Hernandez-Artigas
                                          Title: VP, General Counsel & Secretary

                                      BANCO SANTANDER CENTRAL HISPANO, S.A.
                                      As the Bank

                                        by
                                          /s/ Gregory D. Testeman
                                          -------------------------------------
                                          Name:  Gregory D. Testeman
                                          Title: General Manager

                                        by
                                          /s/ Pierre Dulin
                                          -------------------------------------
                                          Name:  Pierre Dulin
                                          Title: Deputy General Manager
                                     3

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