MEXICO CITY, Feb. 24, 2015 /PRNewswire/ — Grupo Aeromexico S.A.B. de C.V. (“Aeromexico”) (BMV: AEROMEX), the largest airline in Mexico, today announced the pricing of an offering of USD $195.8 million of 2.329% secured notes due 2027, (the “Notes”)guaranteed by the Export-Import Bank of the United States (“Ex-Im Bank”).
The Company intends to use the proceeds of the offering to refinance two Boeing 787-8 aircraft, of which delivery was taken in December 2014 and February 2015.
This offering of the Notes represents the second time that Aeromexico has funded part of its fleet through Ex-Im Bank-guaranteed bonds issued on the international capital markets.
Aeromexico is the issuer of the secured Notes through Mexican Aircraft Finance V, LLC.
J.P. Morgan and HSBC are acting as joint book-running managers and Structuring Agents for the offering of the Notes.