Aeromexico completes offering of debt instruments for USD 400m

Grupo Aeromexico (Aeromexico) has announced the conclusion of senior unsecured notes by its subsidiary Aerovias de Mexico S.A. de C.V. for UD 400m, the company said.

The Notes will be guaranteed by Grupo Aeromexico, S.A.B. de C.V. and will have an annual coupon of 7%.They will mature in February 2025. After a Roadshow across major cities in the United States and Europe, the issuance was oversubscribed by almost three times the amount offered. This is the first time in decades that a Mexican airline has had access to the international unsecured bond market, reflecting the confidence of investors in Aeromexico.

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC. acted as joint book-runners for the Notes.

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. A