By Toni Weeks
San Luis Obispo, Calif., Feb. 24 – Grupo Aeromexico SAB de CV announced the pricing of an upsized $195.8 million issue of 2.329% secured notes due 2027, according to a press release.
The notes are being issued through Mexican Aircraft Finance V, LLC. Export-Import Bank of the United States is the guarantor.
J.P. Morgan and HSBC are acting as joint bookrunners and structuring agents.
Proceeds will be used to refinance two Boeing 787-8 aircraft, which were delivered in December and this month.
According to the press release, this is the second time that Aeromexico has funded part of its fleet through Ex-Im Bank-guaranteed bonds issued in the international capital markets.
Based in Mexico City, Grupo Aeromexico is the largest airline in Mexico.
| Issuer: | Mexican Aircraft Finance V, LLC
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| Guarantor: | Export-Import Bank of the U.S.
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| Issue: | Secured notes
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| Amount: | $195.8 million
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| Maturity: | 2027
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| Coupon: | 2.329%
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| Bookrunners/agents: | J.P. Morgan and HSBC
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| Pricing date: | Feb. 24
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