Mexico City Airport Trust launches cash tender offers, consent solicitations

Mexico´s Ministry of Finance and Public Credit has announced that MEXCAT, the Mexico City Airport Trust, will launch a transaction addressed to investors in the USD 6.0 billion of MEXCAT´s international notes, the company said.

The transaction is part of a comprehensive plan to address the contractual rights of all interested parties in the development of airport infrastructure in the Mexico City metropolitan area.

In light of policy changes announced by the incoming Mexican government, the sponsor of the Texcoco Airport is evaluating whether to continue with the development of the Texcoco Airport.

MEXCAT will offer to purchase for cash a portion of the Notes and solicit consents from the holders of the Notes to certain amendments to the indentures governing the Notes and other related agreements. The main purpose of the tender offers and consent solicitations will be to provide MEXCAT flexibility in the event of any policy changes by the new administration.