Aeromexico Announces Pricing of Notes Guaranteed by the US Ex-Im Bank in the International Capital Markets
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.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Grupo Aeromexico
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. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights from its main hub in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 47 destinations in Mexico, 17 in the United States, 12 in Latin America, three in Europe, two in Asia and one in Canada.The Group's fleet of more than 124 aircraft is comprised of Boeing 787, 777, 767 and 737 jet airliners and next generation Embraer 145, 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.
As a founding member of the SkyTeam airline alliance, Aeromexico offers customers 1,000 destinations in 178 countries served by the 19 SkyTeam airline partners rewarding passengers with benefits including access to 530 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com www.skyteam.com
SOURCE Grupo Aeromexico S.A.B. de C.V.
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