Aeromexico Announces Pricing of Notes Guaranteed by the US Ex-Im Bank at 2.537%

MEXICO CITY, July 23, 2013 /PRNewswire/ — Grupo Aeromexico S.A.B. de C.V. (“Aeromexico”) (BMV: AEROMEX), the largest global airline in Mexico, today announced the pricing of an offering of USD $117.4 million of 2.537% secured notes due July 13, 2025, (the “Notes”) guaranteed by the Export-Import Bank of the United States (“Ex-Im Bank”) payable quarterly.

The Company intends to use the proceeds of the offering to refinance two Boeing 737-800 aircraft, delivery of which was taken in June and July of 2013, and to finance one Boeing 737-800 aircraft, delivery of which will be taken in August 2013. The offering of the Notes is the first time that a private-sector company inMexico will fund its transactions through Ex-Im Bank-guaranteed bonds issued via the capital markets.

Andres Conesa, Grupo Aeromexico’s CEO, commented: “This financing structure is unprecedented among Mexican private-sector companies. Grupo Aeromexico is therefore one of the few players in the country to have access to such a source of funds with a highly competitive cost. The transaction also reaffirms the Ex-Im Bank’s importance as a strategic partner for Aeromexico’s long-term sustainable growth in the coming years.”

“Today’s successful bond issuance by Aeromexico shows how Ex-Im Bank is continuing to use the capital markets to help support American jobs. The Ex-Im Bank Guaranteed Bond is a proven means of financing U.S. exports. We hope to strengthen our partnership with Aeromexico as it continues to acquire U.S.-manufactured aircraft, and we are also looking to increase our financing for other Mexican borrowers who buy ‘Made in the USA’ products and services,” said Ex-Im Bank Chairman and President Fred P. Hochberg.

Aeromexico is the issuer of the secured Notes through the SPV Mexican Aircraft Finance IV, LLC. J.P. Morgan and Citigroup are acting as joint book-running managers and Structuring Agents for the offering of the Notes.